Bank of America Merrill Lynch Reiterates Buy Rating, $19 PT on Sealed Air Corp.

In a report published Monday, Bank of America Merrill Lynch reiterated its Buy rating and $19.00 price target on Sealed Air Corp.

. BofA Merrill Lynch noted, “Sealed Air announced management changes today. Our sense from the release and our research is that President & COO Jerome Peribere (who will take over as CEO in March 2013) is bringing in additional management talent to the organization with whom he has previous work experience and familiarity (at Dow) and who is also aligned with his philosophy to accelerate Diversey's margin and overall performance improvement.” Sealed Air Corp. closed on Friday at $16.67.