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Fly News Breaks for January 16, 2019
SEE
Jan 16, 2019 | 16:25 EDT
Morgan Stanley analyst Neel Kumar started Sealed Air with an Equal Weight rating and $38 price target. The analyst rolled out coverage of the Paper & Packaging sector with an In-Line view, though he believes the industry offers "favorable investment characteristics in the current economic environment." Sealed Air's valuation "could be capped" in the near term as currency and inflationary headwinds partially offset 2019 cost savings, Kumar tells investors in a research note.
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