Avery Dennison initiated with an Overweight at Barclays

Barclays initiated coverage of Avery Dennison with an Overweight rating and $250 price target Avery is a unique materials science company with a proven track record of high returns and GDP-plus growth, the analyst tells investors in a research note. The firm says that even acknowledging some radio frequency identification questions, it thinks the stock’s multi-year risk/reward is more favorable relative to its average covered company.