BMO Capital raised the firm’s price target on Avery Dennison (AVY) to $224 from $215 and keeps an Outperform rating on the shares after its Q4 earnings beat. With a heightened focus on execution, positive secular trends, and increased cash flow, the firm sees the company on track to better growth and valuation re-rating, the analyst tells investors in a research note.
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Read More on AVY:
- Avery Dennison price target raised to $201 from $188 at Citi
- Avery Dennison price target raised to $226 from $218 at UBS
- Avery Dennison Earnings Call: Cash Rich, Growth Cautious
- Avery Dennison reports Q4 adjusted EPS $2.45, consensus $2.38
- Avery Dennison sees Q1 adjusted EPS $2.40-$2.46, consensus $2.40