As previously reported, RBC Capital upgraded Sealed Air (SEE) to Outperform from Sector Perform with a price target of $48, up from $35. The firm is citing stabilization in Protective and continued strength in Food segments, with over $100M of cost reductions and G&A optimization, the analyst tells investors in a research note. RBC adds that it sees over 30% in stock upside as Sealed Air delivers on these benefits.
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