Analysts Say Sealed Air (SEE) CEO Has Experience to Lead Diversey Integration
Jefferies reiterated a Buy rating on Sealed Air (NYSE: SEE) and raised its price target to $20.00 (from $19.00.)
"Now that Diversey is finally stabilizing and mgmt is executing better, we have increased conviction that shares are biased to the upside," said analyst Philip Ng.
Ng is optimistic that the incoming CEO has the experience to integrate Diversey and should be able to unlock shareholder value.
"We were encouraged by the incoming CEO's (Jerome Peribere) comments on the call, and it's clear he has the expertise integrating a large transaction with his experience with Rohm & Haas at Dow. We like that fact he's not simply looking to cut costs, but actually integrating the business by leveraging the equipment and products into solutions," concluded Ng.
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 $16.67 yesterday, with a 52 week range of $11.51-$21.50.
"Now that Diversey is finally stabilizing and mgmt is executing better, we have increased conviction that shares are biased to the upside," said analyst Philip Ng.
Ng is optimistic that the incoming CEO has the experience to integrate Diversey and should be able to unlock shareholder value.
"We were encouraged by the incoming CEO's (Jerome Peribere) comments on the call, and it's clear he has the expertise integrating a large transaction with his experience with Rohm & Haas at Dow. We like that fact he's not simply looking to cut costs, but actually integrating the business by leveraging the equipment and products into solutions," concluded Ng.
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 $16.67 yesterday, with a 52 week range of $11.51-$21.50.