Sealed Air removed from Goldman’s Conviction List but remains Buy

|About: Sealed Air Corporation (SEE)|By:, SA News Editor

Sealed Air (NYSE:SEE) is removed from Goldman Sachs' Conviction List due to recent underperformance, although the firm maintains the company's Buy rating as SEE still enjoys the best growth trends in the packaging industry.

Goldman says SEE shares mostly reflect headwinds from weak packaged food demand and higher resin costs, and the firm continue to see the company benefiting from lower PE resin prices starting in late 2017.

SEE -0.5% premarket.