Market Overview

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

Related SEE
Benzinga's Top Downgrades
Earnings Scheduled For October 27, 2015

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

Nov 2015MacquarieDowngradesOutperformNeutral
Nov 2015MacquarieDowngradesOutperformNeutral
Sep 2015Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for SEE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings


Related Articles (SEE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters