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AVY - Avery Dennison News Story

$219.04 -1.9  -0.9%

Last Trade - 6:34pm

Sector
Basic Materials
Size
Large Cap
Market Cap £12.98bn
Enterprise Value £14.26bn
Revenue £5.16bn
Position in Universe 624th / 6846

BUZZ-Avery Dennison Corp rises as BofA upgrades and raises PT

Fri 13th September, 2019 6:50pm
** Shares of packaging products maker  AVY.N  rise as much
as 4.1% to $117.62 as BofA Merrill upgrades to "buy" from
"neutral"; raises PT to $130 from $123
    ** BofA says improving core sales growth would provide a
catalyst for the stock with AVY possibly seeing accelerated cost
reduction and restructuring benefits into H2 2019 and beyond
    ** However, another broker UBS cut PT on the stock by $1 to
$129 
    ** More than 493,449 shares traded, 1x their 30-day moving
avg
    ** Average rating among 11 analysts covering AVY is "buy";
median PT on stock is $125
    ** Including session's gains AVY stock is up ~29%, YTD 

 (Reporting by Dominic Roshan K.L. in Bengaluru)
 ((Dominic.RoshanKL@thomsonreuters.com;))
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