On Oct 24, major Wall Street analysts update their ratings for $Avery Dennison (AVY.US)$, with price targets ranging from $210 to $258.
J.P. Morgan analyst Jeffrey Zekauskas downgrades to a hold rating, and adjusts the target price from $230 to $210.
Barclays analyst Michael Leithead maintains with a buy rating, and maintains the target price at $250.
BMO Capital analyst John McNulty maintains with a buy rating, and adjusts the target price from $252 to $247.
Truist Financial analyst Michael Roxland maintains with a buy rating.
Truist Financial analyst Keith Hughes initiates coverage with a buy rating, and sets the target price at $258.
Furthermore, according to the comprehensive report, the opinions of $Avery Dennison (AVY.US)$'s main analysts recently are as follows:
Avery Dennison's engagement in the RFID space with Kroger marks its initial foray into the expansive and significant food markets. The company is anticipated to encounter challenging logistics comparisons in its intelligent labels segment in the latter half of 2024, which prompts a cautious stance until there is greater clarity on the underlying business dynamics.
Despite surpassing expectations slightly and initiating a new grocery platform, the stock experienced a downturn due to comments on current challenges with the Vestcom platform and apprehensions regarding a temporary setback in RFID logistics. These issues led some investors to prematurely conclude that the RFID growth narrative has concluded or that Avery Dennison is losing market share. Nevertheless, it is contested that both perceptions are inaccurate, citing that with a solid foundation in Materials and increasing use cases for RFID applications poised to enhance revenue and margins, the stock is poised to excel by 2025.
Here are the latest investment ratings and price targets for $Avery Dennison (AVY.US)$ from 5 analysts:
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