Credit Suisse Upgrades Sealed Air to Outperform, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Credit Suisse analyst Curt Woodworth has upgraded Sealed Air (NYSE:SEE) from Neutral to Outperform, but lowered the price target from $59 to $47.

September 13, 2023 | 1:06 pm
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POSITIVE IMPACT
Sealed Air has been upgraded to Outperform by Credit Suisse, but the price target has been lowered to $47.
The upgrade to Outperform suggests that Credit Suisse believes Sealed Air will outperform the market, which could lead to a positive impact on the stock price. However, the lowering of the price target could have a negative impact as it suggests a lower future value. The net effect is likely to be positive in the short term as the market typically reacts more to ratings changes than price target changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100