B of A Securities Upgrades Sealed Air to Buy, Lowers Price Target to $52
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst George Staphos has upgraded Sealed Air (NYSE:SEE) from Neutral to Buy, but lowered the price target from $61 to $52.
July 10, 2023 | 11:26 am
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Sealed Air's stock rating has been upgraded to Buy by B of A Securities, but the price target has been lowered from $61 to $52.
The upgrade from Neutral to Buy indicates a positive outlook for Sealed Air's stock. However, the lowering of the price target from $61 to $52 suggests that while the analyst sees potential for growth, it may not be as high as previously expected. This could lead to a short-term increase in the stock price due to the upgrade, but the lowered price target may temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100