UBS upgraded Sealed Air (SEE) to Buy from Neutral with an unchanged price target of $38. With the shares off 30% from mid January, current levels present a good opportunity to buy Sealed Air, the analyst tells investors in a research note. The firm says the company has $90M of cost savings targeted for 2025, and earlier indicated that if volumes don’t come through, it could take additional actions. UBS believes Sealed Air can deliver 2025 EBITDA within its guidance, and says the market is already pricing in EBITDA 20% below consensus.
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