UBS analyst Joshua Spector upgraded Sealed Air to Buy from Neutral with a $59 price target. UBS believes the market is pricing in roughly 10% lower EBITDA vs. 2023 consensus, reflecting about 12% organic y/y EBITDA declines and minimal growth into 2024, the analyst tells investors in a research note. The firm views the shares as attractive with the stock now trading at a 10%-20% valuation discount.
Published first on TheFly
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