Consumer products maker Tupperware Brands Corporation (
) 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
The Bottom Line
Shares of Tupperware (
) 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 (
) 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
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