UPDATE: Goldman Sachs Raises Price Target On Tiffany To $72

According to Goldman Sachs, Tiffany TIF price target is raised to $72. Goldman Sachs said that TIF reported operating EPS of $0.86, beating the estimate of $0.72 and consensus of $0.70. “We are raising our FY2011, FY2012, and FY2013 EPS estimates to $3.80, $4.25, and $4.60 from $3.60, $4.05, and $4.40.” Tiffany closed yesterday at $69.01.