On Oct 24, major Wall Street analysts update their ratings for $Avery Dennison (AVY.US)$, with price targets ranging from $210 to $258.
J.P. Morgan analyst Jeffrey Zekauskas downgrades to a hold rating, and adjusts the target price from $230 to $210.
Barclays analyst Michael Leithead maintains with a buy rating, and maintains the target price at $250.
BMO Capital analyst John McNulty maintains with a buy rating, and adjusts the target price from $252 to $247.
Truist Financial analyst Michael Roxland maintains with a buy rating.
Truist Financial analyst Keith Hughes initiates coverage with a buy rating, and sets the target price at $258.
Furthermore, according to the comprehensive report, the opinions of $Avery Dennison (AVY.US)$'s main analysts recently are as follows:
Avery Dennison's engagement in the RFID space with Kroger marks its initial foray into the expansive and significant food markets. The company is anticipated to encounter challenging logistics comparisons in its intelligent labels segment in the latter half of 2024, which prompts a cautious stance until there is greater clarity on the underlying business dynamics.
Despite surpassing expectations slightly and initiating a new grocery platform, the stock experienced a downturn due to comments on current challenges with the Vestcom platform and apprehensions regarding a temporary setback in RFID logistics. These issues led some investors to prematurely conclude that the RFID growth narrative has concluded or that Avery Dennison is losing market share. Nevertheless, it is contested that both perceptions are inaccurate, citing that with a solid foundation in Materials and increasing use cases for RFID applications poised to enhance revenue and margins, the stock is poised to excel by 2025.
Here are the latest investment ratings and price targets for $Avery Dennison (AVY.US)$ from 5 analysts:
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美東時間10月24日，多家華爾街大行更新了$艾利丹尼森 (AVY.US)$的評級，目標價介於210美元至258美元。
摩根大通分析師Jeffrey Zekauskas下調至持有評級，並將目標價從230美元下調至210美元。
巴克萊銀行分析師Michael Leithead維持買入評級，維持目標價250美元。
BMO資本市場分析師John McNulty維持買入評級，並將目標價從252美元下調至247美元。
儲億銀行分析師Michael Roxland維持買入評級。
儲億銀行分析師Keith Hughes首次給予買入評級，目標價258美元。
此外，綜合報道，$艾利丹尼森 (AVY.US)$近期主要分析師觀點如下：
艾利丹尼森在RFID領域與Kroger的合作標誌着其進軍廣闊而重要的食品市場的首次嘗試。預計公司將在2024年下半年智能標籤業務領域遇到具有挑戰性的物流比較，這引發了對基礎業務動態更加清晰前景之前持謹慎態度。
儘管略微超出預期並啓動了新的雜貨平台，但由於對Vestcom平台的當前挑戰以及對RFID物流暫時性挫折的擔憂，股票經歷了一次下行。這些問題導致一些投資者過早地得出結論，認爲RFID增長敘事已經結束，或者艾利丹尼森正在失去市場份額。儘管如此，有人提出這兩種觀點都是不準確的，他們認爲憑藉在材料方面的堅實基礎和RFID應用實例的增加，預計在2025年之前，股票將有望取得成功。
以下爲今日5位分析師對$艾利丹尼森 (AVY.US)$的最新投資評級及目標價：
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