NEW YORK (TheStreet) -- Sealed Air  (SEE - Get Report) stock rating was upgraded to 'buy' from 'neutral' at Citi Friday morning after the Elmwood Park, NJ-based packaging company announced yesterday it would  purchase TTS-Ciptec, a cleaning in place optimization and remote monitoring company. Terms of the the deal were undisclosed.

Citi raised its price target on the shares to $56 from $54. 

The firm believes Sealed Air will experience steady earnings growth toward the end of 2016 as a result of increased momentum in the U.S. beef cycle, the Fly reports. The company's earnings will also increase from spikes in e-commerce sales and customer wins in Diversey, a cleaning and hygiene products provider.

Citi added that investor sentiment has been too negative in relation to Sealed Air's earnings report for the 2016 second quarter.

Shares of Sealed Air are up 1.59% to $49.10 in early afternoon trading on Friday.. 

Separately, 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. TheStreet Ratings has this to say about the recommendation:

We rate SEALED AIR CORP as a Buy with a ratings score of B-. 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 notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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

SEE Chart SEE data by YCharts