April 15, 2013 at 09:17 AM EDT
Citigroup Raises Price Target on Tiffany & Co (TIF)

Citigroup reported on Monday that it has increased its price target for jewelry company, Tiffany & Co. (TIF).

The firm has raised its estimates on TIF, and has increased its price target to $84. This price target suggests a 13% upside from the stock’s current price of $72.67.

Analysts have raised the company’s estimates based on new products and the potential for watches in the long term.

Tiffany shares were mostly flat during premarket trading Monday. The stock has increased 9% in the past year.

The Bottom Line
Shares of Tiffany & Co. (TIF) have a 1.76% yield, based on Friday’s closing price of $72.67.

Tiffany & Co. (TIF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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