These Analysts Slash Their Forecasts On Avery Dennison After Q3 Results
Portfolio Pulse from Avi Kapoor
Avery Dennison Corporation reported mixed Q3 results, with earnings slightly beating expectations but revenues falling short. The company adjusted its 2024 earnings guidance and saw a 2.2% drop in share price. Analysts from JP Morgan and BMO Capital revised their price targets for Avery Dennison.
October 24, 2024 | 12:28 pm
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Avery Dennison reported mixed Q3 results with earnings slightly above expectations but revenues below consensus. The company adjusted its 2024 earnings guidance and saw a 2.2% drop in share price. Analysts revised their price targets, with JP Morgan downgrading the stock.
The mixed Q3 results, with earnings slightly above expectations but revenues below, led to a 2.2% drop in share price. The adjustment in 2024 guidance and analyst revisions, including a downgrade from JP Morgan, suggest a negative short-term impact on AVY stock.
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