Sealed Air (SEE) Stock Gaining After Price Target Raised at Jefferies

NEW YORK (TheStreet) -- Shares of Sealed Air Corp. (SEE) are gaining 1.53% to $52.43 in morning trading Friday after Jefferies raised its price target to $45 from $42 while maintaining its "hold" rating.

Sealed Air is engaged in food safety and security, facility hygiene and product protection business that operates food care, diversey care and product care segments.

Sealed Air's initiative is focused on targeting new markets, stepping up innovation, and a new value sell business model, and it aims at selling $900 million by 2020, Jefferies noted.

"With new products expected to tick up to 20% of sales from 13% by 2020, we believe the company can outpace the market by creating a new market and focusing on selling a solution," Jefferies analysts said.

Additionally, with the U.S. cattle herd size expected to increase in 2015 and 2016, slaughter rates should inflect in 2017 and should help accelerate volumes and mix in food packaging, Jefferies added.

Separately, TheStreet Ratings team rates SEALED AIR CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate SEALED AIR CORP (SEE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

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