BofA analyst George Staphos raised the firm’s price target on Avery Dennison (AVY) to $208 from $195 and keeps a Buy rating on the shares. Avery Dennison is valued at a very depressed growth outlook, and a pickup in economic activity should help valuation, fundamentals, and support company-specific positives, the analyst tells investors in a research note. Avery should benefit as sentiment on apparel and RFID improve.
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