Sealed Air price target raised to $43 from $42 at Wells Fargo

Wells Fargo analyst Gabe Hajde raised the firm’s price target on Sealed Air (SEE) to $43 from $42 and keeps an Overweight rating on the shares. The firm says Sealed Air’s Food recovery is well underway combined with a deep re-shaping of its Protective business. All-in, Wells remains constructive given clear progress being made with line-of-sight to higher revenues/margins.