Sealed Air’s Growth Potential: Buy Rating Supported by Turnaround Efforts and Market Engagement

In a report released today, Anthony Pettinari from Citi maintained a Buy rating on Sealed Air, with a price target of $39.00.

Anthony Pettinari has given his Buy rating due to a combination of factors that suggest potential growth for Sealed Air. The company is expected to report its third-quarter earnings in November, and management is likely to reaffirm expectations for a potential volume increase in the fourth quarter within its Protective segment. This anticipated improvement is supported by signs of stabilization driven by the company’s turnaround efforts.
In North America, Sealed Air’s go-to-market team has been actively engaged for the past three quarters, leading to year-over-year gains in the Industrial segment. This progress is attributed to better field alignment and increased customer and distribution partner engagement. Despite past challenges, the company’s shares are currently trading at a lower multiple compared to historical levels, indicating potential upside. The anticipated stabilization and visibility into a positive inflection in the Protective segment are seen as catalysts for future growth.