Barclays analyst Michael Leithead maintains $Avery Dennison (AVY.US)$ with a buy rating, and adjusts the target price from $250 to $245.
According to TipRanks data, the analyst has a success rate of 55.4% and a total average return of 4.0% 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 extensive food markets has been marked by its recent RFID agreement with Kroger, signaling its initial foray into this sector. However, the company is anticipated to encounter challenging comparisons in intelligent labels logistics towards the second half of 2024. A more cautious stance is adopted for now, pending a clearer insight into the evolving business dynamics.
Despite Avery Dennison recording a slight overperformance and introduction of a new platform for grocery stores, the share prices experienced a decline. This was partly due to the current challenges faced by the Vestcom platform and worries about a temporary setback in RFID logistics. These concerns have led some investors to conclude that the RFID growth narrative might be concluding, or that Avery Dennison is losing its market share. Contrary to these investor beliefs, the analyst perceives these issues as temporary, emphasizing that the company's Materials division is on solid ground and the increasing uses for RFID technology are expected to drive revenue growth and enhance profit margins, positioning the company for potential outperformance by 2025.
Note:
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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.
巴克莱银行分析师Michael Leithead维持$艾利丹尼森 (AVY.US)$买入评级，并将目标价从250美元下调至245美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.4%，总平均回报率为4.0%。
此外，综合报道，$艾利丹尼森 (AVY.US)$近期主要分析师观点如下：
艾利丹尼森进入广泛的食品市场，最近与Kroger达成的RFID协议标志着该公司首次进军该板块。然而，预计该公司将在2024年下半年面临智能标签物流方面的挑战性比较。目前更加谨慎的立场是在等待对不断变化的业务动态有更清晰的洞察。
尽管艾利丹尼森录得轻微超额表现，并为杂货商店推出了新平台，股价却出现下跌。这在一定程度上是由于Vestcom平台目前面临的挑战以及对RFID物流的暂时挫折所致。这些担忧导致一些投资者得出结论，即RFID增长叙事可能正在结束，或者艾利丹尼森正在失去市场份额。与投资者的看法相反，分析师认为这些问题是暂时的，强调公司的材料部门基础稳固，RFID技术的不断应用预计将推动营业收入增长并提高利润率，使公司在2025年前后有望表现出色。
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TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
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