Wells Fargo analyst Gabrial Hajde has maintained their bullish stance on SEE stock, giving a Buy rating yesterday.
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Gabrial Hajde has given his Buy rating due to a combination of factors that indicate a positive outlook for Sealed Air. The company’s Q2 performance exceeded expectations, with an adjusted EBITDA of $293 million, surpassing both the company’s guidance and market estimates. This was achieved despite a slight decline in total volumes, which reflects the effectiveness of Sealed Air’s operational improvement initiatives and cost management strategies.
Additionally, the company’s 2025 outlook remains unchanged but appears increasingly conservative, suggesting potential upside. The recent appointment of a permanent CFO, Kristen Actis-Grande, is also seen as a positive development, bringing stability and experience to the financial leadership team. These elements, combined with ongoing productivity improvements and strategic initiatives, underpin Hajde’s confidence in the company’s future performance, justifying the Buy rating.
Hajde covers the Consumer Cyclical sector, focusing on stocks such as Sonoco Products, Smurfit Westrock, and Graphic Packaging. According to TipRanks, Hajde has an average return of 2.2% and a 53.68% success rate on recommended stocks.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a $38.00 price target.