Sealed Air (SEE) PT Lowered to $33 at Jefferies

Jefferies analyst Philip Ng lowered the price target on Sealed Air (NYSE: SEE) to $33.00 (from $34.00) while maintaining a Hold rating.

The analyst comments "As fundamentals stabilize in Protective benefiting from SEE's go-to-market strategy, the Food business is weakening. With the stock trading at a discounted multiple (6.6x 2026E EV/EBITDA) & SEE executing well, the LT bias is likely to the upside, but shares could trade sideways until we get clarity it can grow earnings in 2026."

You May Also Be Interested In

• HSBC Downgrades China Power International (2380:HK) (CPWIF) to Hold
• HSBC Downgrades Kakao Corp. (035720:KS) to Hold
• Jefferies sees metals breakout on currency concerns