Morgan Stanley Raises the Bar on Tupperware Brands (TUP)
Morgan Stanley Research thinks it has underestimated Tupperware Brands Corporation (NYSE: TUP) for 2010, and 2011. The research firm now expects the kitchen container maker to earn $3.70 per share in 2010, versus the original guess of $3.55. For 2011, the EPS outlook was raised from $4.15 to $4.30, according to a Morgan Stanley report posted on Tuesday.
Morgan Stanley currently rates Tupperware Brands Corporation shares as a stock to 'overweight', and has established a price target of $63.00.
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