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Investing.com - Bank of America has suspended its rating on Sealed Air (NYSE:SEE) following reports that the packaging company may be taken private by Clayton Dubilier & Rice (CD&R).
The investment bank cited a November 12 Wall Street Journal report indicating CD&R is in advanced discussions to acquire Sealed Air , though it noted the talks could still collapse or another buyer might emerge.
BofA analysts stated they have "removed the investment opinion on the company’s stock" and that "investors should no longer rely on our previous opinion or price objective" as the stock is "no longer trading on fundamentals." According to InvestingPro data, Sealed Air appears slightly overvalued compared to its Fair Value, trading at a P/E ratio of 15.85.
The Wall Street Journal report did not disclose details about the potential deal’s structure, timing, or exclusivity, and Sealed Air has not commented on the matter.
BofA added that Amcor (NYSE:AMCR), which it rates as a Buy, "could potentially benefit if SEE’s operations or commercial execution are affected by any distractions related to ongoing strategic discussions."
In other recent news, Sealed Air Corporation reported its third-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an adjusted EPS of $0.87, which was above the forecasted $0.70. Additionally, Sealed Air outperformed revenue predictions by reporting $1.35 billion, compared to the anticipated $1.31 billion. Following these results, the company raised its fiscal year 2025 guidance. In response to these developments, RBC Capital increased its price target for Sealed Air from $48.00 to $52.00 while maintaining an Outperform rating on the stock. These updates reflect the company’s strong performance and strategic cost initiatives.
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