BMO Capital Downgrades Tupperware to “Market Perform”
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.
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