UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Sealed Air Corp
In a report published Monday, Jefferies & Company reiterated its Buy rating on Sealed Air Corp (NYSE: SEE), and slightly raised its price target from $19.00 to $20.00.
Jefferies noted, “Now that Diversey is finally stabilizing and mgmt is executing better, we have increased conviction that shares are biased to the upside. Further, we believe the incoming CEO has the ability and experience to integrate Diversey and should be able to unlock shareholder value.”
Sealed Air Corp closed on Friday at $16.67.
Latest Ratings for SEE
|Sep 2016||JP Morgan||Initiates Coverage on||Neutral|
|Aug 2016||UBS||Initiates Coverage on||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.