Barclays lowered the firm’s price target on Avery Dennison (AVY) to $210 from $225 and keeps an Overweight rating on the shares following the Q1 report. The firm says tariff and apparel uncertainty drove the shift to quarter-ahead guidance. While near-term investors remain concerned about further earnings risk and Avery’s growth algorithm, current share levels offer an entry point for a “quality compounder,” the analyst tells investors in a research note.
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- Avery Dennison reports Q1 adjusted EPS $2.30, consensus $2.31
- Avery Dennison sees Q2 adjusted EPS $2.30-$2.50, consensus $2.56