Goldman analyst Brian Maguire removed Sealed Air from the Conviction Buy List saying shares have underperformed since being added on to the list on May 12, 2016, driven by consensus estimate reductions since then. Maguire said shares largely reflect weak packaged food demand and higher resin cost headwinds. Management is now targeting 2%-3% organic sales growth, which is the fastest growth in the Packaging sector and the analyst believes that this superior growth rate is supported by exposure to fresh protein and eCommerce secular growth. Maguire maintained his Buy rating on Sealed Air and lowered his price target to $50 from $53.