Avery Dennison price target lowered to $194 from $206 at BofA

BofA lowered the firm’s price target on Avery Dennison (AVY) to $194 from $206 and keeps a Buy rating on the shares. Packaging and paper/forest stocks have come under renewed pressure, as the stocks have declined 15% relative to the market since June 30, notes the analyst, who sees a “mixed” Q3 ahead for the group.