Avery Dennison Price Target Rises to $224 with Outperform Rating
On February 6, BMO Capital analyst John McNulty raised Avery Dennison’s price target to $224 from $215 and maintained Outperform rating after Q4 earnings beat. On January 6, Truist Financial lifted its target to $234 from $213, highlighting resilient pricing power, positive secular trends and stronger cash flow forecasts.
1. BMO Capital Raises Target
On February 6, BMO Capital analyst John McNulty raised Avery Dennison’s price target to $224 from $215 and maintained an Outperform rating following a Q4 earnings beat, citing strong execution and improved cash flows.
2. Truist Financial Boosts Outlook
On January 6, Truist Financial lifted its price target to $234 from $213 while retaining a Buy rating, highlighting resilient pricing power, positive secular packaging trends and anticipated growth in beverage can volumes.
3. Market Trends and Forecast
Analysts forecast slight packaging volume softness in early 2026 offset by containerboard-driven price increases, with stronger cash flow projections underpinned by secular growth in materials science and digital identification solutions.