Sealed Air price target raised to $40 from $39 at BofA

BofA analyst George Staphos raised the firm’s price target on Sealed Air (SEE) to $40 from $39 and keeps a Buy rating on the shares. Sealed Air is valued at a very depressed growth outlook, and a pickup in economic activity should help valuation, fundamentals, and support company-specific positives, the analyst tells investors in a research note. Sealed Air’s cyclical and other self-inflicted headwinds should alleviate with better economic, e-commerce, and cattle trends, the firm says.