Tiffany & Co. Stock Upgraded

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Don't look now, but Tiffany & Co. (NYSE: TIF) stock just received its second upgrade in as many weeks.

As I reported earlier this month, Tiffany won an upgrade from KeyBanc on Dec. 1, in which the banker praised Tiffany's Q3 earnings report and predicted the company will enjoy steadily rising profit margins over the next few years. Today, it's Citigroup coming in with an upgrade of its own, and a prediction that even if everything goes wrong for Tiffany stock, investors could still profit.

Source: Fool.com