Tiffany's Stock Loses Its Luster After Ratings Cut

Robertson Stephens is concerned by the upscale jeweler's weaker than expected U.S. retail sales in November and December.

Shares of Tiffany's (TIF ), the jeweler whose gems come wrapped in distinctive robin's egg blue boxes, fell 16.5% after Robertson Stephens lowered its long term investment rating on the stock to attractive from buy, citing a decline in retail sales in November and December.

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