(Reuters) - Shares in American jewelry company Tiffany (TIF.N) could rise following a recent pullback, Barron’s wrote in its July 9 edition.
The target price for the luxury goods maker’s shares is $63, according to analysts at Canaccord Genuity, the financial weekly said.
Tiffany stock closed at $53.45 on Friday, down from close to $70 in early May.
Canaccord Genuity said the stock’s recent pullback has opened a window of opportunity in a company with significant global expansion opportunities, according to Barron‘s.
Reporting By Scott DiSavino; Editing by Marguerita Choy