Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Raymond James Upgrades Tupperware to 'Strong Buy'

Raymond James upgraded Tupperware (TUP) to strong buy from underperform.

Analyst Budd Bugatch says the maker of plastic storage containers is capitalizing on a market-driven opportunity. The upgrade is based on the company's outsized current dividend yield; a stock price that appears to now discount near-term deteriorating operating results, and the risk that this will continue. Bugatch says at $16 per share, the dividend yield is about 5.5%. He says this is a benchmark yield that represents his estimate of a long-term, risk free rate.

He also notes at this price, the stock promises investors an adequate cash return while waiting for a stock price catalyst. He is keeping his $1.58 2002 and $1.76 2003 earnings per share estimates Bugatch has a $20 target.

blog comments powered by Disqus