Raymond James analyst Matt Roberts lowered the firm’s price target on Sealed Air (SEE) to $36 from $42 and keeps a Strong Buy rating on the shares. The firm revised estimates for Packaging companies under coverage ahead of earnings with its estimate updates generally taking a more conservative volume approach as consumer trends starting in Q2 have sounded lackluster at best, the analyst tells investors in a research note.
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Read More on SEE:
- Sealed Air price target lowered to $32 from $39 at Mizuho
- Sealed Air upgraded to Buy from Neutral at UBS
- Sealed Air’s Potential Upside: Buy Rating Amidst Market Challenges and Strategic Initiatives
- Sealed Air removed from ‘Analyst Current Favorites’ list at Raymond James
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