Manufacturer of consumer products Tupperware Brands Corporation ( TUP ) Friday took a large downgrade from analysts for the Argus.
The firm said to cut its rating on TUP "Buy" to "Hold", noting that the sale is probably developed markets will remain weak for the short term.
Shares of Tupperware, which fell 2% year-to-date, displayed small losses of pre-market trading Friday.
The bottom line
Tupperware ( TUP ) shares were 2.63% dividend yield, based on last night closing stocks of $54.82. The stock has technical support in the field of price of $51. If the shares can strengthen, we see a higher resistance around the $ 60 level.
Tupperware Brands Corporation ( TUP ) is not recommended at this time, taking a Dividend.com DARS ™ rating of 3.4 to 5 stars.
Don't forget to browse our complete list of recommended Best dividend Stocks , as well as detailed explanations on our system of classification here .
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of the NASDAQ OMX Group, Inc..
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