Sealed Air Corp rises after Mizuho upgrades to 'buy'

Sealed Air

06/06/2024 14:26

** Shares of packaging company Sealed Air Corp  SEE.N  rise
~2% to $40.50 premarket
    ** Mizuho upgrades SEE to "buy" from "neutral" 
    ** Brokerage raises PT to $50 from $36, representing a 26%
upside to stock's last close
    ** "We believe a volume inflection is imminent which should
drive favorable investor sentiment and higher earnings," says
Mizuho
    ** Nine brokerages rate stock "buy" or higher and six
"hold"; their median PT is $44 - LSEG data
    ** Stock has risen 8.7% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))