BMO Capital analyst John McNulty lowered the firm’s price target on Avery Dennison (AVY) to $226 from $252 and keeps an Outperform rating on the shares after its Q4 earnings miss. The firm is also citing FX headwinds and a conservative outlook for its FY25 expectations, though it also believes that the Avery Dennison stock slide presents an opportunity to buy a high-quality/defensive compounder at a discount, the analyst tells investors in a research note.
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