Sealed Air price target raised to $52 from $48 at RBC Capital

RBC Capital raised the firm’s price target on Sealed Air (SEE) to $52 from $48 and keeps an Outperform rating on the shares. The company beat Q3 expectations and raised its FY25 guide on continued cost takeout and productivity initiatives, partially offset by lower price and volume, the analyst tells investors in a research note. RBC adds it is bullish on the company’s continued Protective turnaround and shift mix in Food to higher growth Retail/Foodservice.