Citi Upgrades Tupperware Brands (TUP) to Buy

May 7, 2021 4:14 AM EDT
Get Alerts TUP Hot Sheet
Price: $15.77 --0%

Rating Summary:
    4 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 5 | New: 13
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(Updated - May 7, 2021 5:00 AM EDT)

Citi analyst Wendy Nicholson upgraded Tupperware Brands (NYSE: TUP) from Neutral to Buy with a price target of $36.00 (from $31.00).

The analyst comments "TUP’s stock has underperformed the S&P by 33% YTD. We consider TUP’s valuation to be very attractive today, especially as we are increasingly optimistic about the progress the company has made since its transformation began in earnest last year. In addition to the strong opportunity to improve profitability and earnings in the near- to medium term, and further strengthen the balance sheet, we see real potential for TUP to broaden its product offering and expand its distribution strategy over the next several years."

For an analyst ratings summary and ratings history on Tupperware Brands click here. For more ratings news on Tupperware Brands click here.

Shares of Tupperware Brands closed at $25.40 yesterday.

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