EarningsAVY beat its initial top- and bottom-line 2024 guidance, delivering strong volume growth and impressive performance despite economic uncertainties.
Growth PotentialAvery is rated Overweight due to its long-term growth potential from its RFID/intelligent label initiatives, justifying a premium valuation compared to peers.
Investment OpportunityThe market's reaction to Avery's price drop is seen as an investment opportunity due to the perceived undue penalty.