Shares of Tiffany & Co. (TIF) gapped up Tuesday and climbed steadily until the middle of the morning. The stock was range-bound for the remainder of the day and closed higher by $1.78 at $40.29.
Tiffany & Co. rose past the upper end of over a one-month trading range Tuesday and closed at a new high for the year. Citigroup initiated coverage the stock Tuesday morning with a "Buy" rating and set a price target of $50.
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