BMO Capital Downgrades Tupperware to "Market Perform"

BMO Capital Downgrades Tupperware to “Market Perform”

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BMO Capital announced on Wednesday that it has cut its rating on kitchen product maker Tupperware Brands Corporation (TUP).

The firm has downgraded TUP from an “Outperform” to a “Market Perform” due to a valuation call. BMO Capital currently has a $91 price target on TUP, suggesting a 6% upside from the stock’s current price of $85.79.

Tupperware shares were mostly flat during pre-market trading Wednesday. The stock is up 34% YTD.

The Bottom Line

Shares of Tupperware Brands Corporation (TUP) have a 2.89% yield based on Tuesday’s closing price of $85.79.

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.

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