W.R. Grace bankruptcy emergence a positive for Sealed Air, says RW Baird Baird believes the W.R. Grace (GRA) emergence from bankruptcy will be positive for Sealed Air (SEE) as it finalizes any asbestos litigation and includes a tax benefit of roughly $1.60 per share. Baird sees the benefit being used to pay down debt and also sees an additional earnings benefit of 10c per share on an annual basis. Shares of Sealed Air are Outperform rated with a $35 price target.
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