JPMorgan analyst Christopher Horvers downgraded Container Store to Underweight from Neutral with a $6 price target. The analyst expects the 2019 consumer environment to "soften with housing appearing to moderate as well." This will disproportionately impact Container Store given the "halo impact of expected less robust brick and mortar traffic" at destination retailers, Horvers tells investors in a research note. He also expects promotions and online mix to remain headwinds while the company is set to anniversary the initial rollout of its cost savings program that began one year ago.