Tupperware Brands price target lowered to $3.00 from $4.50 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the firm’s price target on Tupperware Brands to $3.00 from $4.50 and keeps a Neutral rating on the shares. The analyst cites the company’s Q4 operating profit miss along with its disclosure of misstatements in prior periods, also noting that its 10-K filing would include a statement of material weakness in internal control over financial reporting. The firm adds however that Tupperware’s currency comps should improve significantly after Q1.