Sterne Agee Maintains Buy on Tiffany & Co.

Sterne Agee maintains Buy on Tiffany & Co. TIF, maintaining Buy. In its report, Sterne Agee writes, "TIF should continue to benefit, in our view, from an increasingly globally diversified business model (particularly leverage to the Chinese consumer), industry consolidation in recent years, a strong new product pipeline this year, seeming success of the recently introduced Locks collection (goes well with the Keys collection, which was the most successful new product introduction in the company's history) and strong balance sheet that serves as a competitive advantage in a capital-intensive business." Sterne Agee maintains Buy on TIF. Shares of TIF closed Tuesday at $62.72, up 6.23% from Monday's close.