Avery Dennison falls after pulling annual forecast

Labelling products maker Avery Dennison's AVY.N shares fall 2.4% to $171

Company pulls its annual forecast and shifts to quarterly projections due to macroeconomic uncertainty

Reports Q1 adj EPS of $2.30/shr vs est $2.32/shr - LSEG

Company expects Q2 adj profit between $2.30/shr and $2.50/shr, midpoint of which is below est $2.47/shr

9 of 14 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; median PT $208

As of last close, stock down 8.8% YTD