UPDATE: J.P. Morgan Upgrades Sealed Air on 'Execution Levers to Pull'

In a report published on Wednesday, J.P. Morgan analyst Phil Gresh upgraded

from Neutral to Overweight and raised the price target from $24 to $30. In the report, J.P. Morgan stated, "While we understand the bar is higher now, given the strong message that has been delivered by new management and well received by the investment community, we are encouraged by the signs that the necessary cultural shift underway at the company should lead to execution on at least a portion of the company's goals. We are now willing to give a modest amount of credit for higher margins in F&B from improved pricing, with upside if execution is stronger." Sealed Air closed on Tuesday at $26.09.