BMO Capital Maintains Outperform on Avery Dennison, Lowers Price Target to $200
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst John McNulty has maintained an 'Outperform' rating on Avery Dennison (NYSE:AVY), but lowered the price target from $210 to $200.
July 26, 2023 | 12:06 pm
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Avery Dennison's price target has been lowered by BMO Capital from $210 to $200, although the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 70
RELEVANCE 100