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Baird Maintains Avery Dennison(AVY.US) With Buy Rating, Maintains Target Price $250

Moomoo News ·  Oct 24 23:35  · Ratings

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.

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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:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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