Jefferies Cuts Numbers on Sealed Air (SEE) After Q1, Keeps Buy
Get Alerts SEE Hot Sheet
Price: $31.48 -0.57%
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
12 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Jefferies lowered estimates and its price target on Sealed Air (NYSE: SEE) from $25 to $22 following Q1 results, but is keeping its Buy rating.
The firm comments, "We are maintaining our Buy rating, but shares are likely to trade sideways until there's clarity on the profitability of Diversey and newsflow around Europe improves. We are lowering our estimates and price target to reflect weaker results from Diversey."
For an analyst ratings summary and ratings history on Sealed Air click here. For more ratings news on Sealed Air click here.
Shares of Sealed Air closed at $18.31 yesterday.
The firm comments, "We are maintaining our Buy rating, but shares are likely to trade sideways until there's clarity on the profitability of Diversey and newsflow around Europe improves. We are lowering our estimates and price target to reflect weaker results from Diversey."
For an analyst ratings summary and ratings history on Sealed Air click here. For more ratings news on Sealed Air click here.
Shares of Sealed Air closed at $18.31 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boston Beer Company (SAM) PT Lowered to $325 at Jefferies
- Spotify (SPOT) PT Raised to $396 at Rosenblatt
- JetBlue Airways (JBLU) PT Lowered to $6 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!