Sealed Air initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of Sealed Air with an Equal Weight rating and $39 price target. The setup for Berry Global and Sealed Air shares is improving as they screen inexpensive and the demand environment improves, the analyst tells investors in a research note. However, weak volume performance over the last two years coupled with consensus expectations of an “improved but U-shaped demand recovery” implies a “show me” story until 2026, the analyst tells investors in a research note.