Jefferies Upgrades Sealed Air (SEE) to Buy
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Price: $42.15 --0%
Rating Summary:
13 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies upgraded Sealed Air (NYSE: SEE) from Hold to Buy and raised their price target from $25 to $29.
The firm states, "While SEE is in the penalty box for the Diversey acquisition, we feel it's a good business and the transaction is highly accretive. Additionally with the raw material risk easing and shares trading attractively at 10x PF 2012 EPS and with an 11% FCF yield, we are upgrading the stock to a Buy and raising our PT to $29."
For more ratings news on Sealed Air click here and for the rating history of Sealed Air click here.
Shares of Sealed Air closed at $23.06 yesterday.
The firm states, "While SEE is in the penalty box for the Diversey acquisition, we feel it's a good business and the transaction is highly accretive. Additionally with the raw material risk easing and shares trading attractively at 10x PF 2012 EPS and with an 11% FCF yield, we are upgrading the stock to a Buy and raising our PT to $29."
For more ratings news on Sealed Air click here and for the rating history of Sealed Air click here.
Shares of Sealed Air closed at $23.06 yesterday.
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