Sealed Air price target lowered to $40 from $45 at RBC Capital

RBC Capital lowered the firm’s price target on Sealed Air to $40 from $45 and keeps an Outperform rating on the shares s part of a broader research note on Packaging ahead of the Q3 earnings season. Overall, volumes in packaging remain challenged with persistent destocking and inflation impacts, the analyst tells investors in a research note. The firm adds it is also more cautious on the company given the customer and category mix and fewer catalysts.