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Fly News Breaks for July 15, 2016
SEE
Jul 15, 2016 | 05:55 EDT
Citi analyst Anthony Pettinari upgraded Sealed Air to Buy citing the recent pullback in the shares. Sentiment is too negative into the company's Q2 report, Pettinari tells investors in a research note. He expects Sealed Air's earnings growth to accelerate in the second half of 2016 from increased momentum in the U.S. beef cycle, continued growth in e-commerce sales and customer wins in Diversey. The analyst raised his price target for the shares to $56 from $54.
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