Baird analyst Ghansham Panjabi maintains $Avery Dennison (AVY.US)$ with a buy rating, and maintains the target price at $250.
According to TipRanks data, the analyst has a success rate of 61.2% and a total average return of 7.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Avery Dennison (AVY.US)$'s main analysts recently are as follows:
Avery Dennison's entry into the expansive food markets through an RFID deal with Kroger marks its initial foray. However, there are concerns regarding challenging logistics comparisons in the intelligent labels segment expected in the latter half of 2024. A cautious stance is adopted pending a clearer insight into the prevailing business trends.
Despite Avery Dennison achieving a slight outperformance and the introduction of a new grocery platform, the stock experienced a decline. This was partly due to the perceived challenges facing the Vestcom platform and worries about a temporary setback in RFID logistics. Some investors are under the impression that the narrative of RFID growth has concluded or that Avery Dennison's market share is dwindling. Nevertheless, the view persists that neither concern is justified. It's observed that with a stable foundation in Materials and the increasing use cases for RFID applications promoting revenue growth and improved margins, the stock is anticipated to perform well by 2025.
Note:
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