RBC Reiterates Estimates For Tupperware (TUP)

RBC Capital Markets analysts recently went on the road with Tupperware Brands TUP CFO and continues to like the long-term story. RBC feels trends are fine and within expectations heading into 3Q earnings and remain comfortable with estimates. TUP still is a good long-term holding. However, to justify the recent move and for the next leg of the stock to work, RBC believes TUP needs to deliver at least the mid-point of sales, with an earnings beat (north of $0.60) and raised guidance for 4Q. RBC reiterates its Outperform and $52 price target TUP is trading higer at $45.84