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SEE

Sealed Air

$44.72

0.1 (0.22%)

17:32
10/17/16
10/17
17:32
10/17/16
17:32

Sealed Air and SCJ agree to end distribution of certain products

Sealed Air and SC Johnson & Son, or SCJ, announced that they have reached a mutual agreement to end the existing business relating to Sealed Air's distribution of SCJ branded products to the professional market under the existing Brand License Agreement. The parties agreed that the BLA will expire on May 2, 2017, with the exception of Australia, New Zealand, Argentina, Chile, Czech Republic and Poland, where the BLA will expire on January 1, 2017. Both parties are committed to maintaining a continuous supply of SCJ branded products to customers under the BLA.

  • 27

    Oct

SEE Sealed Air
$44.72

0.1 (0.22%)

08/23/16
UBSW
08/23/16
INITIATION
Target $54
UBSW
Buy
Sealed Air initiated with a Buy at UBS
UBS analyst Edlain Rodriquez initiated Sealed Air with a Buy and $54 price target. The analyst recommends buying shares on the pullback and expects organic sales of 4% and EBITDA margin of 18% by 2018 due to its razor and blade business model that results in a high level of recurring consumables.
09/07/16
FBCO
09/07/16
NO CHANGE
FBCO
Progressive, U.S. Silica and Zoetis added to US Focus List at Credit Suisse
Credit Suisse added Progressive (PGR), U.S. Silica (SLCA) and Zoetis (ZTS) to the US Focus List and removed Allison Transmission (ALSN) from the US Focus List and Sealed Air (SEE) from the US Focus List and Global Focus List
09/13/16
JPMS
09/13/16
INITIATION
Target $53
JPMS
Neutral
Sealed Air initiated with a Neutral at JPMorgan
JPMorgan analyst Tyler Langton started Sealed Air with a Neutral rating and $53 price target.
09/23/16
BARD
09/23/16
NO CHANGE
Target $55
BARD
Outperform
Sealed Air growth poised to improve, says Baird
Baird analyst Ghansham Panjabi believes the risk/reward for Sealed Air shares at current levels is favorable and that downside levels are limited given the free cash flow support. The analyst sees sluggish macro headwinds being offset by strong execution and core sales growth as on track to improve over the next few quarters. Panjabi reiterated his Outperform rating and $55 price target on Sealed Air shares.

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