Sealed Air price target raised to $43 from $39 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Sealed Air (SEE) to $43 from $39 and keeps an Overweight rating on the shares. The firm notes that while calendar Q2 started with high uncertainty for the Packaging & Containers industry, results tracked largely in line with expectations, with FX a boost to those exposed. Beverage cans are likely strongest performers, while “value seeking behavior” a key headwind, Wells adds.