Stifel analyst Lars Kjellberg downgraded Sealed Air (SEE) to Hold from Buy with a price target of $45, up from $43.80. The shares are up 19% since the Wall Street Journal reported on November 12 that private equity firm Clayton Dublier & Rice is in discussions to take Sealed Air private. Stifel now sees limited valuation in the stock.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEE:
- Sealed Air’s Balanced Risk-Reward Scenario: Hold Rating Amidst Limited Upside Potential
- BofA moves to No Rating on Sealed Air amid M&A reports
- Sealed Air rises 19.4%
- Sealed Air shares could be worth $50-$60 in buyout, says Truist
- Sealed Air’s Market Uncertainty Amid Potential Buyout and Performance Challenges
