J.P. Morgan Announces Tiffany & Co. Quarterly Review

J.P. Morgan released a research report on Tiffany & Co

announcing thoughts following robust Q2 and a deeper dive into long-term opportunities. In the report, J.P. Morgan writes, “ Following a period when many investors feared that the recent volatility in the stock market would take a leg out of the high-end recovery in the US, Q2's impressive 24% comp and $0.86 in EPS (representing 57% bottom-line growth) clearly indicate that the company is maintaining momentum across all of its geographic business units.” J.P. Morgan has a Neutral rating and a price target of $75.00 on Tiffany and Co., which closed yesterday at $70.36.