Avery Dennison price target raised to $214 from $201 at Loop Capital

Loop Capital raised the firm’s price target on Avery Dennison to $214 from $201 and keeps a Buy rating on the shares. Between now and no later than the end of this year, investors should be thinking less about downside risk from a continued destocking dynamic, and more about upside associated with the company’s Solutions segment growth trajectory driven by RFID’s proliferating adoption in multiple categories beyond item-level apparel, the analyst tells investors in a research note.