Analyst George Staphos of Bank of America Securities maintained a Buy rating on Avery Dennison (AVY – Research Report), with a price target of $195.00.
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George Staphos has given his Buy rating due to a combination of factors that suggest Avery Dennison is well-positioned for future growth. Despite the current challenges posed by tariffs, Staphos believes that the company is strategically prepared for both intermediate and long-term success. Avery Dennison’s tactical measures, as discussed in their first-quarter report, are expected to support their performance, even as they consider structural changes once there is more clarity on trade flows.
Staphos also highlights the potential of Avery Dennison’s intelligent labels and radio frequency identification (RFID) technology, which currently face limited competitive risk. While there may be short-term volatility in the apparel sector, the analyst sees opportunities for Avery Dennison to expand its intelligent label trials into non-apparel markets, potentially gaining momentum in the latter half of the year and beyond. The current stock price of $182.13 USD, with a price objective of $195.00 USD, further supports the Buy recommendation.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVY in relation to earlier this year.