As reported earlier, Argus analyst Deborah Ciervo downgraded Tupperware Brands to Sell from Hold, citing the company's disappointing Q2 revenue and reduced outlook for FY18. While the stock trades at 8.4-times her expected FY18 earnings, a discount to the historical range of 10.8-18.8-times and the peer average of 16.7-times, the analyst contends that the discount is warranted because of the company's inability to generate "significant organic growth" and its "extremely high" dividend payout ratio. Ciervo expects the stock to remain under pressure from continued weak demand and slow revenue growth in spite of the company's efforts to exit its weaker performing segments and boost its online presence.