Truist lowered the firm’s price target on Sealed Air to $39 from $40 and keeps a Hold rating on the shares. The company’s Q4 earnings beat was driven by a favorable tax rate and lower interest expense, though demand weakness persists in its Food and Protective segments, the analyst tells investors in a research note.
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Read More on SEE:
- Sealed Air price target lowered to $39 from $40 at Mizuho
- Sealed Air sees FY24 adjusted EPS $2.65-$3.05, consensus $3.03
- Sealed Air reports Q4 adjusted EPS 88c, consensus 64c
- SEE Reports Q4, Full Year 2023 Results and Provides 2024 Outlook
- SEE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
