NEW YORK (TheStreet) -- Sealed Air (SEE) stock was initiated with an "outperform" rating and $63 price target at Credit Suisse on Friday morning.

The Charlotte, NC-based company is engaged in food safety and security, facility hygiene and product protection business.

"SEE remains a high conviction idea. We believe the company offers attractive upside from the combination of a continuation of the Get Fit programs and Change the Game strategy," the firm wrote in a note.

The "Get Fit" programs should continue to drive margin expansion and further improve cash generation through disciplined pricing, rationalization efforts and driving down working capital, Credit Suisse said.

"The Change the Game strategy has the potential to add significant organic growth from packaging innovations that provides significant benefits for customers and consumers. We believe growth will be the next leg in the SEE investment case," the firm added.

The stock is also on the Credit Suisse's "focus list."

Shares of Sealed Air closed at $50.74 on Thursday.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SEE