Sealed Air rises as Citigroup upgrades rating to 'buy'

Sealed Air

25/09/2023 11:21

** Shares of food-packaging company Sealed Air  SEE.N  rise
1.9% to $32.02 premarket as Citigroup raises rating to "buy"
from "neutral", maintaining price target at $41
    ** "Earnings growth will be driven by cost saves from SEE's
CTO2Grow program expected to generate $140 million-$160 million
annualized cost savings" - Citigroup
    ** 6 of 14 brokerages rate the stock "buy" or higher, 7
"hold" and 1 "sell" or lower; their median PT is $45
    ** YTD stock down 37.03% vs a 4.61% rise in Dow Jones
Industrials Index  .DJUSIN  

 (Reporting by Aishwarya Jain)
 ((Aishwarya.Jain@thomsonreuters.com))