Partylite Parent Blyth Declines on Downgrade

Blyth Declines on Analyst Downgrade

NEW YORK - Shares of Blyth Inc., which makes candles and other home accessories, fell Monday after an analyst downgraded the company, citing high raw material costs and stalling momentum in the company's direct selling business.

Shares tumbled $2.30, or 8.9 percent, to $23.65 in afternoon trading on the New York Stock Exchange. The stock has traded between $16.29 and $26.25 over the past year.

 

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