Tupperware Brands Corp., the direct seller of household storage containers, fell the most in more than nine months Monday after Morgan Stanley downgraded the stock, saying foreign-currency exchange rates may hurt earnings.
Tupperware dropped 4 percent to $76.10 at the market close for the biggest decline since June 1. With 90 percent of its sales outside of the United States and 61 percent in emerging economies, any material change in the dollar would have a significant impact on Tupperware, Dara Mohsenian, an analyst at Morgan Stanley in New York, wrote on Friday. She cut her rating on shares to equal-weight, equivalent of a hold.
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