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Bullish on Tiffany and Yelp, Infoblox Downgraded at Pacific Crest

Oppenheimer reiterates its bullish call on Tiffany (TIF), Citi reiterates its call on Yelp (YELP) and Pacific Crest Securities downgrades shares of Infoblox (BLOX). Oppenheimer says Tiffany is one of the most compelling longer term investment opportunities in the hardlines retail sector because it is in the early stages of its store expansion in up-and-coming luxury markets around the world. Citi says Yelp is a BUY on reports it may be acquired by Google. Pacific Crest Securities is downgrading shares of Infoblox to SECTOR PERFORM from OUTPERFORM on concerns about the CEO's departure and a decline in bookings driven by weakening U.S. demand and delays in large deals.