Barclays analyst Michael Leithead maintains $Avery Dennison (AVY.US)$ with a buy rating, and adjusts the target price from $250 to $245.
According to TipRanks data, the analyst has a success rate of 55.4% and a total average return of 4.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Avery Dennison (AVY.US)$'s main analysts recently are as follows:
Avery Dennison's entry into extensive food markets has been marked by its recent RFID agreement with Kroger, signaling its initial foray into this sector. However, the company is anticipated to encounter challenging comparisons in intelligent labels logistics towards the second half of 2024. A more cautious stance is adopted for now, pending a clearer insight into the evolving business dynamics.
Despite Avery Dennison recording a slight overperformance and introduction of a new platform for grocery stores, the share prices experienced a decline. This was partly due to the current challenges faced by the Vestcom platform and worries about a temporary setback in RFID logistics. These concerns have led some investors to conclude that the RFID growth narrative might be concluding, or that Avery Dennison is losing its market share. Contrary to these investor beliefs, the analyst perceives these issues as temporary, emphasizing that the company's Materials division is on solid ground and the increasing uses for RFID technology are expected to drive revenue growth and enhance profit margins, positioning the company for potential outperformance by 2025.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
巴克萊銀行分析師Michael Leithead維持$艾利丹尼森 (AVY.US)$買入評級，並將目標價從250美元下調至245美元。
根據TipRanks數據顯示，該分析師近一年總勝率為55.4%，總平均回報率為4.0%。
此外，綜合報道，$艾利丹尼森 (AVY.US)$近期主要分析師觀點如下：
艾利丹尼森進軍廣泛食品市場的舉措，最近與Kroger簽署的RFID協議標誌着其首次進入該板塊。然而，預計公司在2024年下半年將面臨智能標籤物流方面的挑戰性比較。目前採取更爲謹慎的立場，等待對不斷演變的業務動態有更清晰的了解。
儘管艾利丹尼森錄得輕微超額表現併爲雜貨商店引入新平台，但股價卻出現下滑。這在一定程度上是因爲Vestcom平台目前面臨的挑戰以及對RFID物流暫時性挫折的擔憂。這些問題導致一些投資者得出結論，即RFID增長故事可能即將結束，或者艾利丹尼森正在失去市場份額。與這些投資者觀點相反，分析師認爲這些問題是暫時的，並強調公司的物料部門穩健發展，RFID技術的日益多樣化應用預計將推動營業收入增長並增強利潤率，將公司定位爲有望在2025年實現超額表現。
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