Citi lowered the firm’s price target on Avery Dennison to $230 from $234 and keeps a Neutral rating on the shares. The analyst says Q1 marked a solid start to the year with Avery executing well. It keeps a Neutral rating on the shares due to valuation.
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Read More on AVY:
- Avery Dennison backs FY24 adjusted EPS view $9.00-$9.50, consensus $9.32
- Avery Dennison reports Q1 adjusted EPS $2.29, consensus $2.15
- AVY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Avery Dennison price target raised to $234 from $223 at Citi
- Avery Dennison margin improvement goals constructive, says Loop Capital
