SunTrust analyst Michael Swartz lowered his price target on Tupperware Brands to $47 after the company cut its FY18 guidance, taking a more "cautious stance" to reflect decelerating sales and limited visibility. The analyst points to larger than anticipated challenges in Europe in the wake of the company's decision to close a manufacturing facility in France, lower than expected sales in Indonesia, and supply issues in Brazil. Swartz keeps his Hold rating on Tupperware longer term, saying the company "remains one of the more compelling stories in terms of emerging market exposure and cash returns", but also lowers his FY18 EPS view to $4.70 from $5.20 on near term issues.