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home / news releases / SEE - Sealed Air Corp: Continue To Stay On The Side Lines

SEE - Sealed Air Corp: Continue To Stay On The Side Lines

Sealed Air Corporation

2024-03-16 11:32:58 ET

Summary

  • Hold rating recommended for Sealed Air Corp. due to weak overall demand outlook and aggressive FY24 guidance.
  • Food segment experiencing weak volumes and pricing headwinds, while Protective segment faces e-commerce competition and plastic packaging pressure.
  • Management's FY24 guidance overly optimistic, relying on second-half recovery in volatile macro environment.

Investment action

For further details see:

Sealed Air Corp: Continue To Stay On The Side Lines
Stock Information
Company Name: Sealed Air Corporation
Stock Symbol: SEE
Market: NYSE
Website: sealedair.com
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