Deutsche Bank initiated coverage of Avery Dennison (AVY) with a Buy rating and $200 price target The firm launched coverage of the packaging sector, saying it is “navigating a complex and evolving economic landscape” in early 2026. Last year’s headwinds of soft consumer demand and cost inflation are now compounded by higher oil prices and significant tariff-related pressures, creating a challenging backdrop for the industry, the analyst tells investors in a research note. Deutsche is “constructive on the rigid and flexible packaging group” and “cautious” on the fiber-based packaging group.
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