BofA analyst George Staphos upgraded Avery Dennison to Buy from Neutral with a price target of $205, up from $200, as he reset his positioning in packaging, paper and forest products ahead of 2023. For Avery, he cited the pullback in the shares, a "need to look for some recovery exposure" and its ability demonstrated in the past to navigate macro choppiness.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AVY: