Tupperware shares should be bought on any weakness, says RBC Capital After meeting with Tupperware Brands' management, RBC Capital remains positive on the company's long-term outlook but believes the shares may drop on in-line results. The firm recommends buying the stock on any weakness following results as it still believes that the company can generate double digit EPS growth. It maintains an Outperform rating.
Tupperware Brands downgraded at B. Riley As previously reported, B. Riley downgraded Tupperware Brands to Neutral from Buy. The firm believes Street expectations for 14% local currency EPS growth is too optimistic and expects estimates to move lower as the U.S. dollar continues to strengthen. B. Riley expects 2015 guidance of $5.00 when it reports in late January vs. consensus of $5.47 Price target lowered to $72 from $83.