UBS upgraded Avery Dennison (AVY) to Buy from Neutral with a price target of $218, up from $181. The firm views the company’s deal with Walmart (WMT) as a “tipping point.” Both Avery’s radio-frequency identification and adjusted earnings growth could inflect higher in 2026, the analyst tells investors in a research note. UBS thinks the company can post 10% earnings growth in 2026, and then 12% longer term. This is supported by a new Walmart RFID rollout into bakery, meat, and deli sections of the store, contends UBS.
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