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Fly News Breaks for September 8, 2017
BMS, SEE
Sep 8, 2017 | 08:22 EDT
SunTrust analyst Jason Freuchtel says that Sealed Air's stock rose 1.5% yesterday on high volume after it was reported that Amcor was considering buying Sealed Air's peer, Bemis (BMS).However, noting that Sealed Air yesterday after the market closed announced that its CEO was retiring and would be replaced by its COO, the analyst says that this news makes a sale of the company "unlikely in the near-term." However, he keeps a $48 price target and a Buy rating on the shares,
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