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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Sealed Air on 4Q12 Recap

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In a report published Wednesday, Jefferies reiterated its Buy rating on Sealed Air Corp. (NYSE: SEE), and raised its price target from $22.00 to $25.00.

Jefferies noted, “While the 9% move in the stock (S&P 500: +0.7%) yesterday likely benefited from some short covering, we were encouraged by the quarter and guidance looks conservative. With SEE taking a hard stance on price and its restructuring underway, we have increased confidence margins should start trending higher.”

Sealed Air Corp. closed on Tuesday at $21.15.

Latest Ratings for SEE

DateFirmActionFromTo
Sep 2016JP MorganInitiates Coverage onNeutral
Aug 2016UBSInitiates Coverage onBuy
Jul 2016JefferiesMaintainsHold

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