Avery Dennison price target raised to $211 from $200 at BMO Capital

BMO Capital raised the firm’s price target on Avery Dennison to $211 from $200 and keeps an Outperform rating on the shares. The firm’s recent meetings with the company CEO has left a stronger belief that the stock should be viewed as a core holding as earning growth accelerates and the multiple expands for this serial compounder, the analyst tells investors in a research note. As RFID gains even further traction and scale, Avery Dennison’s top line, margin, and EPS offer solid upside in 2025 and 2026, BMO added.