Pursuits
Analysts Warn That Tiffany's Could Get Hurt by Being Next Door to Trump
The flagship store is right next door to Trump Tower.
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While Tiffany Trump's stock may be rising in light of her father's victory in the president election, her namesake might suffer from its close association with the real estate mogul and his home.
Cowen & Co. Analyst Oliver Chen warned that the proximity of Tiffany & Co.'s flagship store on Fifth Avenue in New York to Trump Tower — their main entrances are next door to each other — could adversely affect the jeweler's sales in the short term due to protests being held in the surrounding area, in addition to the street closures and enhanced security measures that would accompany any presidential visit.