Credit Suisse Assumes SEE Coverage, Maintains Neutral View

Credit Suisse is assuming coverage of Sealed Air Corporation's SEE stock from its Chemical team colleagues led by John McNulty. While SEE's businesses are heavy consumers of polyolefin and other oil-based resins, the company's primary focus is on food and protective (barrier) packaging. As such, Credit Suisse's US paper/packaging team will follow this name, alongside such comparable companies such as Bemis and Sonoco Products. Credit Suisse said that it maintains its Neutral view on shares of Sealed Air Corporation, which currently trade at $25.38.