Jefferies Maintains a 'Buy' on Sealed Air (SEE); Urgency Increased as CEO Retires
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Price: $24.03 +0.80%
Rating Summary:
6 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Rating Summary:
6 Buy, 3 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 27 | New: 13
Trade SEE Now!
Jefferies maintains a 'Buy' on Sealed Air (NYSE: SEE) price target of $18.00.
Analyst, Philip Ng, said, "Given SEE's underperformance and poor results from Diversey, the market will view the mgmt change as a positive development and we expect shares to react favorably. While there's still a lot of hair to the story, the urgency level has clearly picked up, and with asset sales on the horizon and W.R. potentially emerging soon, we believe shares are biased to the upside."
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 $13.13 yesterday, with a 52 week range of $11.51-$21.50.
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Analyst, Philip Ng, said, "Given SEE's underperformance and poor results from Diversey, the market will view the mgmt change as a positive development and we expect shares to react favorably. While there's still a lot of hair to the story, the urgency level has clearly picked up, and with asset sales on the horizon and W.R. potentially emerging soon, we believe shares are biased to the upside."
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 $13.13 yesterday, with a 52 week range of $11.51-$21.50.
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