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UPDATE: Credit Suisse Upgrades Sealed Air Corporation to Outperform Following Meeting with Management

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Credit Suisse upgraded Sealed Air Corporation (NYSE: SEE) from Neutral to Outperform and raised the price target from $18.00 to $31.00.

Credit Suisse analyst John McNulty noted, "Our recent time spent with mgmt gave us confidence that the company is on the right track toward fixing the "legacy SEE" packaging business and has the potential to stabilize and potentially improve the "Diversey" business. All of this should translate into improved earnings growth and increased cash flow (from an already robust level) justifying multiple expansion while the increased deleveraging of the portfolio transfers incremental value to the shareholder."

Sealed Air Corporation closed at $24.15 on Thursday.

Latest Ratings for SEE

DateFirmActionFromTo
Oct 2016CitigroupMaintainsBuy
Sep 2016JP MorganInitiates Coverage onNeutral
Aug 2016UBSInitiates Coverage onBuy

View More Analyst Ratings for SEE
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Analyst Ratings

 

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