Avery Dennison price target raised to $195 from $194 at BofA

BofA analyst George Staphos raised the firm’s price target on Avery Dennison (AVY) to $195 from $194 and keeps a Buy rating on the shares. While acknowledging that Avery “still has lots to manage through,” the firm thinks the Intelligent Labels radio frequence id deal with Walmart (WMT) adds 5c-plus to earnings on a first-year basis and has this gradually rolling into estimates in 2026.