Jefferies Downgrades Sealed Air to Hold, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Philip Ng has downgraded Sealed Air (NYSE:SEE) from Buy to Hold and lowered the price target from $47 to $35.
August 09, 2024 | 10:47 am
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Jefferies analyst Philip Ng downgraded Sealed Air from Buy to Hold and reduced the price target from $47 to $35.
The downgrade from Buy to Hold and the significant reduction in the price target from $47 to $35 by Jefferies is likely to negatively impact Sealed Air's stock price in the short term as it reflects a less optimistic outlook on the company's performance.
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