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Fly News Breaks for October 18, 2016
SEE
Oct 18, 2016 | 08:15 EDT
RBC Capital analyst Arun Viswanathan says that new investors will be attracted to Sealed Air following the spin off of its Diversey business and related Food Care assets. The analyst says that Sealed Air's margins will increase following the deal, while its exposure to Europe will drop significantly, which he sees as a positive development for the company. The analyst keeps a $53 price target and Outperform rating on Sealed Air.
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