Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com - Jefferies raised its price target on Avery Dennison (NYSE:AVY) to $185.00 from $182.00 on Monday, while maintaining a Hold rating on the stock. The $14.2 billion market cap company, which maintains a "Good" financial health score according to InvestingPro, has shown remarkable dividend consistency, maintaining payments for 55 consecutive years.
The price target increase follows a joint press release between Avery Dennison and Walmart announcing a new Illinois rollout in what Jefferies describes as the "business’s largest untapped market."
Jefferies noted that this development with the industry leader is "no small feat" and is likely to expand to other grocers who will want to remain competitive.
The firm estimates that approximately 30% of the Walmart sales will flow through in 2026 assuming a normal ramp, with about 70% expected in 2027.
Despite the positive development, Jefferies maintained its Hold rating, noting that with consumer spending still unstable and discretionary categories under pressure, Avery Dennison’s valuation appears reasonable at approximately 11 times 2026 estimated EBITDA compared to its 10-year average of 11.7 times.
In other recent news, Avery Dennison Corporation reported its financial results for the third quarter of 2025, surpassing earnings per share (EPS) expectations with a reported $2.37, compared to the forecast of $2.33. The company also maintained its revenue forecast at $2.22 billion, aligning with analyst expectations. In addition to its earnings report, Avery Dennison announced a quarterly cash dividend of $0.94 per share, payable on December 17, 2025, to shareholders of record as of December 3, 2025. BMO Capital raised its price target for Avery Dennison to $210 from $192, maintaining an Outperform rating, following positive developments in the company’s Solutions platform. JPMorgan upgraded Avery Dennison from Neutral to Overweight, with a new price target of $195, citing growth opportunities in the RFID food category. UBS also upgraded the stock from Neutral to Buy, increasing its price target to $218, expecting accelerated growth in RFID technology and improved earnings per share starting in 2026. These developments reflect a positive outlook from analysts on Avery Dennison’s strategic initiatives and market potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.