Research Alert: CFRA Maintains Hold Opinion On Shares Of Avery Dennison Corporation
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CFRA maintains a Hold opinion on Avery Dennison Corporation (AVY) shares, lowering the target price to $182 from $196. The adjustment reflects a 15.9x 2027 EPS estimate, below AVY's five-year average. Despite a resilient Q1 performance, AVY faces challenges from raw material inflation and geopolitical uncertainty, which may impact demand in the second half of the year. The 2026 EPS estimate is slightly raised to $10.27, while the 2027 EPS remains at $11.46. AVY's diversified portfolio showed strength, although the Solutions Group experienced a 3% sales decline year-over-year.
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