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Fly News Breaks for November 18, 2019
Nov 18, 2019 | 09:07 EDT
Baird analyst Ghansham Panjabi believes the post earnings selloff in Sealed Air appears to be overdone but he said its volumes are likely to remain mixed in the near-term. He noted its execution on cost savings coupled with improving free cash flow 2020 onward gives him increased conviction as its margin profile is easily best-in-class among its peers. Panjabi reiterated his Outperform rating and $50 price target on Sealed Air shares.
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