Fly News Breaks for November 7, 2019
Nov 7, 2019 | 06:38 EDT
KeyBanc analyst Adam Josephson upgraded Sealed Air to Sector Weight from Underweight. In a research note to investors, Josephson says that shares have underperfomed the S&P 500 by 1,400 bps since its downgrade on July 14. While he is upgrading the shares on valuation, Josephson says that "numerous" risks remain, including high leverage, poor recent free cash flow conversion, and ongoing investigations by the SEC and U.S. Attorney.
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