TIF: Citigroup Upgrades Tiffany to a Buy
TIF stock hit a historic high last Friday
Tiffany (TIF) received a massive boost from Citigroup (C) that saw company shares hit a historic high.
Citigroup upgraded the jewelry to a buy from neutral thanks to a new design team at Tiffany. The stock is only up about 0.1% on Thursday but the stock hit a historic high on Friday.
The jewelry giant’s stock has gone up about 21% over the last six months and about 33% over the last 12 months. Additionally, Citigroup’s upgrade makes the stock an attractive buy at the moment.
The company has been making waves recently including a plan to spend more money marketing to China and a controversial contract violation with Swatch Group.
Article printed from InvestorPlace Media, https://investorplace.com/2014/03/tif-tiffany/.
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