Sealed Air (NYSE:SEE) Sales Growth for 2011 Starts Off Strong

Sales growth for Sealed Air (NYSE:SEE) appears to be getting off on the right foot for 2011, which is projected to reach a 5 to 7 percent growth rate.

Jefferies noted, "we are impressed that volume growth has accelerated, with the company continuing to see good momentum in 2011 (5-7% sales growth target), with January off to a good start."

They did lower their EPS estimates for full year 2011 and full year 2012 from $1.82 and $2.18 to $1.78 and $2.12.

Major catalysts fro Sealed Air include emerging markets, new products and strong equipment sales.

Jefferies maintains a "Hold" rating on Sealed Air (SEE), which closed Tuesday at $26.82, dropping $0.01, or 0.04 percent. Jefferies raised their price target on Sealed Air from $25 to $26.