Avery Dennison price target lowered to $225 from $245 at Barclays

Barclays lowered the firm’s price target on Avery Dennison (AVY) to $225 from $245 and keeps an Overweight rating on the shares post the Q4 report. The firm continues to view Avery as a “compelling compounder.” The company’s near-term “hiccups” are modest relative to most other materials “malaise,” the analyst tells investors in a research note.