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Fly News Breaks for May 10, 2017
SEE
May 10, 2017 | 07:43 EDT
UBS analyst Edlain Rodriguez said Sealed Air's Q1 results were noisy due to the pending New Diversey operations sale. Rodriguez said the beef cycle market recovery and secular growth trends in e-commerce packaging will drive the growth for the new Sealed Air. Rodriguez reiterated his Buy rating and lowered his price target to $49 from $53 to reflect the new Sealed Air without the Diversey operations.
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