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The Container Store Is Too Quiet for Goldman Sachs Analysts

Shares of the specialty retailer were down sharply after Goldman slashed its price target on the firm.

Analysts with Goldman Sachs said Wednesday they're looking for answers about operations but The Container Store is being "guarded," sending shares into a tailspin. Goldman analysts also cut their price target on the firm's stock by $2 to $5.50. Shares of The Container Store (TCS) - Get The Container Store Group, Inc. Report , a member of Real Money's Stressed Out watch list, were down roughly nine percent on Wednesday. Despite the note, Goldman analysts maintained a Neutral rating on the stock. About 40% of the company's market cap has disappeared so far in 2016, highlighting investor concerns over the highly levered retailer. Goldman said they also cut their same-store-sales forecast on The Container Store to reflect "guarded color from the company, and guarded comments from many soft-home competitors through the past number of weeks."

I'm James Passeri with Real Money's Fill or Kill team in New York.

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