Truist lowered the firm’s price target on Avery Dennison (AVY) to $215 from $245 but keeps a Buy rating on the shares. The company’s Q4 earnings missed estimates but the firm’s bullish thesis remains intact as it sees EPS growth accelerate through the year, driven by high-value solutions, IL rollouts, base label volume growth and productivity actions, the analyst tells investors in a research note.
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Read More on AVY:
- Avery Dennison price target lowered to $220 from $250 at Baird
- Avery Dennison upgraded to Overweight from Neutral at JPMorgan
- Avery Dennison Reports Strong 2024 Financial Results
- Avery Dennison reports Q4 adjusted EPS $2.38, consensus $2.41
- Avery Dennison sees 2025 adjusted EPS $9.80-$10.20, consensus $10.53