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.