This Just In: Sealed Air Stock Upgraded

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

A funny thing happened to Sealed Air (NYSE: SEE) stock investors last month -- and by "funny," I mean "horrible."

On Aug. 8, the maker of Bubble Wrap box filler and Cryovac food packaging released Q2 earnings numbers that (barely) missed Wall Street's target for profits, but beat targets for sales (also barely). Adding clarity to where the company is heading, Sealed Air then proceeded to raise its guidance for the rest of 2017. Problem was, it didn't raise guidance enough; the midpoint of company's new range for expected adjusted earnings -- $1.75 to $1.80 per share -- fell a bit short of Wall Street's expectations of $1.79 per share, and Sealed Air's sales target likewise fell short of expectations.

Source: Fool.com