UPDATE: J.P. Morgan Suspends Coverage on Sealed Air Corp.

In a report published Wednesday, J.P. Morgan & Co. suspended coverage on Sealed Air Corp.

. J.P. Morgan noted, “Due to J.P. Morgan's involvement in the transaction announced on October 30, 2012, we are suspending our rating and price target for Sealed Air (SEE). Our prior rating and price target should no longer be relied upon.” Sealed Air Corp. closed on Tuesday at $15.84.