Sealed Air price target lowered to $43 from $48 at Truist

Truist lowered the firm’s price target on Sealed Air to $43 from $48 and keeps a Hold rating on the shares. The company’s Q2 earnings topped estimates but its FY23 guidance was cut on persistent volume weakness, the analyst tells investors in a research note. Some of the cost saving expected for next year will also be offset by labor cost inflation, the firm added.