J.P. Morgan Reports On TIF Global Struggles

J.P. Morgan has issued a report on the state of Tiffany & Co.'s TIF global business. According to the report, "…concerns regarding the company's global growth story have clearly heightened, at least in the near term. The recent earthquake and ongoing crisis in Japan could be significant for Tiffany, as this represents 18% of revenues and ~25% of profits." TIF has a Neutral Rating and a $62.00 Price Target. TIF closed at $59.60 a share yesterday.