Wells Fargo Assumes Coverage on Sealed Air (SEE) at Market Perform; Jumping The Hurdles

Wells Fargo assumes coverage on Sealed Air (NYSE: SEE) with a Market Perform. PT range $18-$20.

Wells analyst said, "We believe SEE faces a number of hurdles over the next 12-18 months which could limit upside including: 1) Sizeable acquisition/integration risk for Diversey; 2) A number of planned/unplanned management changes; 3) The investor base is now compromised and a new base of more chemical-oriented investors will need to learn the story; 4) A slowing economy in Europe (~40% of sales) could hinder growth prospects; and 5) uncertain timing with respect to litigation."

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 $19.40 yesterday.

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