Jefferies Maintains Hold Rating on Sealed Air (SEE) Following Investor Meetings

Jefferies maintains a Hold rating and $42.00 price target on Sealed Air (NYSE: SEE) following an investor meeting with CFO Caarol Lowe. Analyst Philip Ng believes that now that margins have improved, there will be a greater focus on reaccelerating topline growth profitably.

Ng commented, "We hosted investor meetings this week with Carol Lowe (CFO) and believe SEE is still in the early innings in the value sell opportunity, which should improve mix and margins. With the cost to refi essentially at breakeven, we believe SEE is likely to refi its debt soon, which opens up the restricted basket for buybacks and to raise its dividend."

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 $48.31 yesterday.

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