Avery Dennison price target raised to $205 from $200 at Citi

Citi analyst Anthony Pettinari raised the firm’s price target on Avery Dennison to $205 from $200 and keeps a Buy rating on the shares. The stock sold off following a Q2 miss and withdrawal of the fiscal year guidance, as volumes are recovering slower than expected, the analyst tells investors in a research note. The analyst, however, continues to view Avery Dennison as oversold.