Avery Dennison logo

AVY - Avery Dennison News Story

$221.46 1.1  0.5%

Last Trade - 07/05/21

Basic Materials
Large Cap
Market Cap £13.16bn
Enterprise Value £14.46bn
Revenue £5.22bn
Position in Universe 634th / 6858

BUZZ-Keybanc upgrades Avery Dennison; cuts Owens-Illinois' rating

Tue 4th December, 2018 7:32am
** Keybanc upgrades packaging co Avery Dennison  AVY.N  to
"overweight" from "sector weight"
    ** Brokerage notes quality of AVY's business, says co's
return on assets highest among all the sector stocks covered by
    ** Says AVY's low leverage results give it flexibility in
the event the global economy weakens and asset prices fall
    ** "We think there is room for the relative multiple to
expand, and we expect the shares to relatively outperform peers
in the year ahead" - Keybanc
    ** Keybanc also downgrades glass container maker
Owens-Illinois'  OI.N  stock to "underweight" from "sector
    ** OI has struggled to grow volume in recent years, the
brokerage says
    ** Keybanc expects consensus estimates to decline and stock
to relatively underperform peers in the year ahead
    ** Up to Monday's close, AVY's stock down 16.25 pct YTD,
while that of OI fell 16.24 pct YTD

 (Reporting by Devbrat Saha in Bengaluru)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.