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Following the sustained customer demand demonstrated in the second-quarter, Buss said he has "increasing conviction that longer-term market share capture and margin expansion trends are playing out." He said he expects Tumi to continue to gain market share for the next five years. Buss raised his rating on the stock to "Outperform" from "Neutral," and boosted his price target to "$25 from $23. SHARE ACTION: In afternoon trading, Tumi shares added $3.73, or 20.2 percent, to $22.25. The stock has traded between $14.44 and $28.70 since its initial public offering at $26.
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