AAA Sep. 26, 2012
By STAN CHOE
Despite a strong summer, Tiffany stock is down 7 percent for the year. It hasn’t had a down year or underperformed the Standard & Poor’s 500 index since 2008. (Tiffany is an S&P 500 stock.) From April through June, Tiffany lost 23 percent, mostly because of concerns that fewer customers would spring for $1,000 gold bangles and other luxury items. Still, most financial analysts say Tiffany is a good long-term holding. “It’s still a new brand in Asia,” which means it has room to grow, Canaccord Genuity analyst Laura Champine says.Associated Press
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