Container Store downgraded to Hold at Lake Street amid continued macro weakness

As previously reported, Lake Street downgraded Container Store to Hold from Buy with a price target of $3.50, down from $5, after the company reported “mixed” results and cut guidance due to continued macro weakness. The company continues to see challenges across the business and the firm is downgrading shares until Container Store sees an improving macro environment and the store opening outlook “gets back on track,” the analyst tells investors.