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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.