Piper Jaffray Analyst Reiterates Neutral Rating on Tupperware Brands Corporation (TUP)
Piper Jaffray analyst, Stephanie Wissnik, maintains a Neutral rating on Tupperware Brands Corporation (NYSE:TUP) following the company’s Q2 results.
Wissink provides, “While TUP’s Q/Q performance continues to be influenced significantly by global macro events, heightened in recent months due to instability in Europe, we note that FX headwinds are moderating and growth drivers are increasingly diversified.”
The analyst explains that TUP is anticipating a general shift in momentum toward 2H, “guiding Q3 sales up between 1-2%, implying growth in the fourth quarter of 4-5% to reach the (1%)-(2%) FY net sales range.”
According to TipRanks, Stephanie Wissnik is ranked #336 of 4,073 analysts and maintains a success rate of 67% with an average return of 8.1%.