BofA Merrill Lynch analyst George Staphos downgraded Sealed Air to Neutral from Buy after the company announced that its board terminated William Stiehl as Chief Financial Officer for cause relating to the process by which the company selected its independent audit firm. The stock's multiples might be compressed until the SEC investigation concludes and investors might discount some elements of the company's guidance following a challenging Q1 until there greater visibility and because there will be a new CFO in place, said Staphos, who also has concerns about the potential distraction from the executive change. Given the uncertainties, Staphos lowered his price target on Sealed Air shares to $46 from $51.