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TMCNet: Downgrade Alert for Tiffany & Co (TIF)

[February 05, 2013]

Downgrade Alert for Tiffany & Co (TIF)

Feb 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Tiffany & Co (NYSE:TIF) was downgraded from Buy to Neutral at Monness Crespi today. The stock closed yesterday at $62.17 on volume of 4.0 million shares, above average daily volume of 2.9 million. Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies. The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States. Tiffany also markets through the Internet and catalogs.


Over the past year, Tiffany & Co has traded in a range of $49.72 to $74.20 and closed yesterday at $62.17, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Potential upside of 8.4% exists for Tiffany & Co, based on a current level of $62.17 and analysts' average consensus price target of $67.40. Tiffany & Co shares have support at the 50-day moving average (MA) of $60.71 and additional support at the 200-day MA of $60.07.

SmarTrend is tracking the current trend status for Tiffany & Co and will alert subscribers who have TIF in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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