JP Morgan Downgrades Avery Dennison to Neutral, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Avery Dennison from Overweight to Neutral and reduced its price target from $230 to $210.

October 24, 2024 | 11:14 am
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JP Morgan analyst Jeffrey Zekauskas downgraded Avery Dennison from Overweight to Neutral, reducing the price target from $230 to $210.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment, leading to a potential short-term decline in Avery Dennison's stock price. The lowered price target also suggests reduced growth expectations.
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