Tupperware Downgraded at Goldman Sachs on Euro Concerns (TUP)

By
A A A
Share |

Consumer products maker Tupperware Brands Corporation ( TUP ) on Wednesday saw its rating and earnings estimates lowered by analysts at Goldman Sachs.

The firm said it cut TUP from "Buy" to "Neutral" with a $57 price target, which still implies a 21% upside to the stock's Tuesday closing price of $47.30.

Goldman also cut its earnings estimates for the company, citing concerns over the weak Euro.

Tupperware shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Tupperware ( TUP ) have a 2.54% dividend yield, based on last night's closing stock price of $47.30. The stock has technical support in the $44 price area. If the shares can firm up, we see overhead resistance around the $50-$52 price levels.

Tupperware Brands Corporation ( TUP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: TUP

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

67%

Most Active by Volume

89,865,296
  • $16.21 ▲ 0.81%
75,109,464
  • $2.72 ▲ 3.03%
66,341,418
  • $97.67 ▲ 1.46%
62,511,232
  • $93 ▲ 1.32%
61,561,006
  • $75.95 ▲ 4.57%
57,374,027
  • $3.21 ▲ 69.84%
49,928,586
  • $24.82 ▲ 2.35%
39,880,670
  • $43.63 ▲ 2.08%
As of 10/17/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com