In a report released on February 14, George Staphos from Bank of America Securities maintained a Buy rating on Sealed Air (SEE – Research Report), with a price target of $39.00.
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George Staphos’s rating is based on a combination of factors. One of the primary reasons for the Buy rating is the recent leadership change at Sealed Air, with Dustin Semach taking over as CEO. The company emphasizes the need for a leader with a deep understanding of the business and a strong sense of urgency, which aligns with the board’s desire for quicker progress and growth.
Additionally, Sealed Air has reaffirmed its financial guidance for 2024, indicating stability and expectations for future growth. Despite sluggish trends anticipated for 2025, the valuation of Sealed Air’s stock presents a potential opportunity for strategic improvement. These elements contribute to the Buy rating, reflecting confidence in the company’s future performance and market positioning.
SEE’s price has also changed slightly for the past six months – from $32.450 to $33.990, which is a 4.75% increase.