Now is the time to buy shares of Sealed Air , according to UBS.
He maintained his price target of $59 per share, suggesting a 28.8% rally for the stock from Tuesday's close price.
Shares have tumbled 30% during the past 12 months, as the company struggled with supply chain issues, a post-pandemic demand reset and industrial destocking.
Roughly three-fifths of analysts covering Sealed Air rate it a hold, Refinitiv data shows.
The average price target on shares, however, implies 24.5% upside over the next 12 months.