Sealed Air upgraded to Buy from Hold at Truist

Truist upgraded Sealed Air to Buy from Hold with a price target of $44, up from $39. The firm cites the company’s growth potential once transitory headwinds abate, as well as ongoing portfolio rightsizing and cost savings initiatives. Since March 28, the stock has declined about 12%, which is due to investor concerns around “already well-known issues,” including volume headwinds and competitive pressures, along with some older issues also being rehashed, says the analyst, who calls the current valuation “attractive.”