TIF - Tiffany seen recovering even if LVMH deal called off

UBS sees little downside for Tiffany ([[TIF]] +1.1%) with a LVMHD deal or without.Analyst Jay Sole: "Our view is the stock might have an immediate dip if the deal gets called off, but would quickly recover to a price close to today’s level. TIF's update today shows its sales and earnings continue to rebound off March/April lows and implies its transformation plan continues to deliver benefits... The main thing we believe some investors are missing is TIF’s earnings outlook has improved and we think is much better than the consensus thinks. This makes its pre-deal price less relevant in thinking about downside today."UBS models FY22 EPS for Neutral-rated Tiffany of $5.35 vs. the consensus mark of $4.61. See all the consensus estimates.

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Tiffany seen recovering even if LVMH deal called off