Baird downgraded Sealed Air (SEE) to Neutral from Outperform with a price target of $42, down from $45. The firm cites the expiration of the 30-day go-shop period as part of the pending acquisition of the company by private equity firm CD&R for the downgrade.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEE:
- Sealed Air Ends Go-Shop Period for Merger
- Sealed Air announces expiration of go-shop period in CD&R merger agreement
- Sealed Air Announces Departure of Food Division President
- Cautious Hold Rating on Sealed Air Amid Acquisition Uncertainties and Limited Upside Potential
- Hold Rating on Sealed Air Amid Acquisition Offer and Potential Competing Bids
