- Truist analyst Michael Roxland Avery Dennison Corp AVY initiated coverage with a Buy rating and a price target of $227 (an upside of 33%).
- Roxland argues that the Street underestimates growth in RFID and Intelligent Labels.
- Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification inlays and labels.
- Price Action: AVY shares traded higher by 2.39% at $170.80 on the last check Friday.
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