Tiffany & Co. (NYSE:TIF) EPS Estimates Boosted on Comp Growth Momentum

Tiffany & Co. (NYSE:TIF) has their EPS estimates raised by Barclays (NYSE:BCS) on acceleration of their comp sales during the Christmas season.

Barclays says, "We are encouraged by the momentum in comp growth during the holiday period and now expect nearly $3.1 billion in sales in 2010. We are increasing our 4Q10 EPS estimate to $1.39 from $1.29 and increasing our full year 2010, 2011, and 2012 EPS estimates to $2.88, $3.30 and $3.50 from $2.77, $3.15, and $3.35, respectively."

Barclays reiterates an "Overweight" rating on Tiffany & Co., which closed Wednesday at $60.99, up $0.43, or 0.71 percent. Barclays has a price target on TIF of $72.