BofA raises Avery Dennison's PT, citing positive macro trends
ReutersJan 5, 2026 2:45 PM
BofA raises price objective on packaging products maker Avery Dennison AVY.N to $198 from $195, maintains "buy" rating
New PT represents an 8.5% upside from stock's last close
Brokerage expects Avery Dennison to benefit from improving macro trends, with intelligent labels driving growth in coming years
However, BofA lowers AVY's 2026 EPS estimate to $10.10 from $10.55 due to weak volumes, higher interest costs, and expected incentive payouts
Nine of 14 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $204, according to data compiled by LSEG
Including session's move, shares down 1% YTD
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