Jefferies Lowers Estimates on Blyth (BTH)

Jefferies lowers its estimates on Blyth, Inc. (NYSE: BTH) following continued weakness at Partylite US and across Europe.

In a note to clients, Jefferies writes, "We now look for F2011E (Jan) EPS of $2.80, down -1.4% versus year-ago $2.84, and below our previous forecast for $2.95, which was also consensus, and at the low end of management's new range of $2.80 - $3.00, which was lowered from $3.05 $3.35."

Jefferies maintains its Hold rating and $40 price target on BTH.

BTH closed Friday at $40.19.