Jefferies Maintains a 'Buy' on Sealed Air (SEE); Long-Term Story Shaping Up Nicely

Jefferies maintains a 'Buy' on Sealed Air (NYSE: SEE) price target raised from $22 to $25.

Jefferies analyst says, "The long-term story on SEE is shaping up nicely, but we would remind investors to be patient, with the real upside coming in 2013 when the synergies and restructuring flow through more fully, along with the lift from W.R. Grace (NYSE: GRA) emerging from bankruptcy."

Jefferies raises FY12 EPS estimate from $1.44 to $1.46 and FY13 from $1.96 to $2.15.

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 $20.76 yesterday.

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