Avery Dennison price target lowered to $192 from $210 at Raymond James

Raymond James lowered the firm’s price target on Avery Dennison (AVY) to $192 from $210 and keeps an Outperform rating on the shares. 2Q26 EBITDA is expected to come in below consensus due to cost headwinds, with pricing actions likely to offset pressures but with a slower lag than peers, the analyst tells investors in a research note. Despite near-term challenges, the longer-term outlook remains positive, driven by anticipated acceleration in Intelligent Labels starting in 2Q26, the firm says.