Sealed Air upgraded to Strong Buy from Market Perform at Raymond James

Raymond James analyst Matt Roberts upgraded Sealed Air to Strong Buy from Market Perform with a $42 price target The firm sees a “compelling” risk/reward profile on what it views as a “paradigm shift” in the business amid recent management changes and early signs of prioritizing a stabilization in its protective unit with potential catalysts in 2025 from new products, corporate realignment, and/or a strategic review. Further, the analyst is constructive on Sealed Air’s recent momentum in the food segment with potential upside to 2025 estimates from an improved cattle cycle.