Sealed Air Gets Mixed Reactions From Analysts Post Q2 Results - Sealed Air (NYSE:SEE)

RBC Capital analyst Arun Viswanathan upgraded Sealed Air Corp SEE to Outperform from Sector Perform and raised the price target to $70 (an upside of 23%) from $66.
The analyst believes the stock is attractive at current levels and offers ~25% potential upside given modest FY23 assumptions.
Viswanathan notes that Q2 volume weakness was mainly on tough comps, and industrial is now a small portion of the company; hence expects some lsd% volume growth in FY23.
The analyst mentions that the Conversation with CFO highlights business transformation, confidence in the strategy, and continued growth in 2023.
Related: Sealed Air Shares Slide On Q2 Sales Miss
Mizuho Securities analyst Christopher Parkinson lowered the price target for Sealed Air to $68 (an upside of 20%) from $72 while maintaining the Neutral rating on the shares.
The analyst says that there were certainly a few "yellow flags" within SEE's 2Q print; it's his view the -9% hit is slightly overdone, particularly in the context of strong price momentum.
Parkinson believes volume concerns are unlikely to abate during the 2H, especially in Protective.
Price Action: SEE shares are trading higher by 0.91% at $56.68 on the last check Wednesday.