Barclays lowered the firm’s price target on Avery Dennison (AVY) to $25 from $28 and keeps an Overweight rating on the shares post the Q3 report. The firm continues to view Avery as a “compelling compounder” with GDP-plus growth. The Kroger deal offers another RFID proof point, the analyst tells investors in a research note.
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Read More on AVY:
- Avery Dennison price target lowered to $247 from $252 at BMO Capital
- Avery Dennison downgraded to Neutral from Overweight at JPMorgan
- Avery Dennison reports Q3 adjusted EPS $2.33, consensus $2.32
- Avery Dennison narrows FY24 adjusted EPS view to $9.35-$9.50 from $9.30-$9.50
- Avery Dennison expands RFID adoption in grocery retail industry