Avery Dennison rises after upbeat annual profit forecast

Marriott International

30/07/2026 13:09

** Shares of Avery Dennison AVY.N rise ~10% to $183 premarket
** The labeling firm forecasts annual profit above Wall Street expectations, helped by higher prices, cost-saving measures and strong demand in its materials business
** Expects FY adjusted profit per share of $10 to $10.30, midpoint of which is slightly above an estimated $10.02
** Reports adjusted profit per share of $2.89, beating analysts' average expectation of $2.47
** Median PT of 13 brokerages covering the stock is $204.50 - data compiled by LSEG
** As of last close, stock down ~8& YTD 

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))