Tiffany: Asian Luxury Demand Waning, Says CLSA
Tiffany (TIF) could struggle over the next couple of quarters, as the company faces difficult year-over year sales comparisons and could see sales slip in China and Korea, CLSA analyst Barbara Wyckoff wrote. Wyckoff downgraded shares to Outperform from Buy. Luxury sales were weak in Korea and China in April, Wyckoff asserts, and her channel [...]
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