NEW YORK (
is feeling the love right before Valentine's Day, as it was upgraded by Bank of America to buy.
Bank of America said shares of Tiffany are down 15% since the jeweler reported strong holiday sales on Jan. 15.
"In our view, Tiffany has attractive growth opportunities through international square-footage growth and market-share gains, and has an opportunity to improve margins due to the lagged effect of lower product costs," Bank of America wrote.
-- Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on