Fly News Breaks for November 7, 2019
Nov 7, 2019 | 08:42 EDT
Baird analyst Ghansham Panjabi said Sealed Air shares appear to be oversold following its earnings report making the shares incrementally more attractive at current levels. The analyst said volume weakness in its Product Care segment continues to weigh on investor sentiment but the Street is overlooking its cost savings momentum and related operating leverage. Panjabi reiterated his Outperform rating and $50 price target on Sealed Air shares.
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