Loading...
Loading...
Morgan Stanley downgraded Tupperware Brands
TUP from Overweight to Equal-weight and removed the $90.00 price target.
Morgan Stanley commented, "We are downgrading TUP to EW, as two catalysts we cited previously have played out: (1) better-than-expected 2013 EPS guidance and (2) greater cash to shareholders. In addition, valuation is less compelling after a 44% run-up in the stock over the last six months, vs. 8% for the S&P 500."
Tupperware Brands closed at $79.25 on Friday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We simplify the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in