Jefferies Cuts Numbers on Sealed Air (SEE) After Q1, Keeps Buy

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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, with a 52 week range of $15.05-$27.55.

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