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Stock Market & Financial Investment News

News Breaks
February 20, 2013
07:27 EDTSEESealed Air downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Sealed Air due to valuation. Price target raised to $22.50 from $20.
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September 25, 2014
07:43 EDTSEESealed Air announces North America price increases for food care products
Sealed Air announced that it is implementing price increases between 3%-5% for the majority of its North American Food Care division products, effective October 6. The company said, "As we similarly announced for our Product Care Division in August, our price increases for Food Care division are in direct response to the continued escalation of our key raw materials and other input costs, in particular polyethylene and nylon, which all major petrochemical suppliers increased prices for on September 1. These new price increases from our suppliers are on top of significant increases announced earlier this year. Cumulatively, since January 2013 the PE suppliers have increased prices between 13-22%, which includes a 4-8% in early 2014.
September 23, 2014
09:37 EDTSEEActive equity options trading on open
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September 17, 2014
06:56 EDTSEEU.S. Paper & Packaging earnings to be pressured by weaker Euro, says Barclays
Barclays believes the Euro is in a multi-year downtrend which will pressure 2015 U.S. Paper & Packaging earnings. The firm's new aggressive Euro forecasts indicate 2015 EPS estimates would decline by 8%-12% for in Owens-Illinois (OI), Crown Holdings (CCK), Sealed Air (SEE), Avery Dennison (AVY). The firm is waiting to update estimates until it has a better read on 2H 2014 FX trends.

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