Sealed Air price target lowered to $37 from $39 at UBS

UBS analyst Joshua Spector lowered the firm’s price target on Sealed Air (SEE) to $37 from $39 and keeps a Neutral rating on the shares. The firm expects Q4 earnings for North America Chemicals and Packaging to be challenging, but with the sector on average down 10% over the last month, this negativity may already be priced in, the analyst tells investors in a research note.