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Fly News Breaks for August 3, 2016
SEE
Aug 3, 2016 | 08:10 EDT
After Sealed Air reported in-line results but the stock fell 4%, SunTrust analyst Jason Freuchtel blames the retreat on " pressure from resin pricing and other macro-related headwinds." The analyst, however, says that the company's consolidated margin is increasing, while it's poised to spend its capital on shareholder friendly initiatives that should also increase its earnings. The analyst reiterates a $54 price target and Buy rating on the shares.
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