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AVY

Avery Dennison

$70.58

-1.36 (-1.89%)

07:15
11/21/16
11/21
07:15
11/21/16
07:15

Avery Dennison initiated with a Hold at Aegis

Aegis analyst Chris Kapsch initiated Avery Dennison with a Hold and a $75 price target.

AVY Avery Dennison
$70.58

-1.36 (-1.89%)

05/20/16
05/20/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Gap (GPS) downgraded to Hold from Buy at Stifel. After Gap reported in-line Q1 EPS, the firm thinks that the company's fundamentals and merchandising are "challenged." It added that the company lacks "visibility for improvement." 2. Avery Dennison (AVY) downgraded to Neutral from Overweight by JPMorgan analyst Jeffrey Zekauskas, who cited the recent rally in the shares and softening retail business trends. The analyst lowered his price target for the shares to $78 from $80. 3. B/E Aerospace (BEAV) downgraded to Neutral from Overweight by JPMorgan analyst Seth Seifman, who removed the stock from his firm's Analyst Focus List and cut his price target to $50 from $54. The analyst sees emerging risks to the company's 2016 growth outlook, including retrofits and business jets. 4. Noble Corp (NE) downgraded to Hold from Buy at Argus based on expectations for further pressure from the decline in offshore drilling activity and reduced capital spending by E&P customers. 5. Aflac (AFL) downgraded to Market Perform from Outperform by Keefe Bruyette analyst Ryan Krueger, who cited valuation with the stock up 14% year-to-date. The analyst keeps a $73 price target for the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
07/01/16
BOFA
07/01/16
DOWNGRADE
BOFA
Avery Dennison downgraded to Underperform from Buy at BofA/Merrill
BofA/Merrill analyst George Staphos downgraded Avery Dennison two notches to Underperform from Buy. BofA/Merrill's strategists are forecasting a UK recession, relative weakness in the GBP and Euro versus the dollar, and a slowdown in GDP in both the Euro-zone and US, resulting in Staphos trimming estimates. The analyst points to Avery's relatively high retail exposure, difficult comps, and relative valuation for the change in rating.
07/01/16
07/01/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avery Dennison (AVY) downgraded two notches to Underperform from Buy at BofA/Merrill by analyst George Staphos, citing Avery's relatively high retail exposure, difficult comps, and relative valuation. BofA/Merrill's strategists are forecasting a UK recession, relative weakness in the GBP and Euro versus the dollar, and a slowdown in GDP in both the Euro-zone and US, resulting in Staphos trimming estimates. 2. Qorvo (QRVO) downgraded to Neutral from Buy at Mizuho, with analyst Vijay Rakesh citing macro uncertainties of Brexit, a muted second half demand environment, a seasonally weaker Samsung/China handset market, and share loss in QCT. 3. Manpower (MAN) downgraded to Equal Weight from Overweight at Barclays, with analyst Manav Patnaik citing the company's 64% exposure to Europe. 4. Pacira (PCRX) downgraded to Hold from Buy at Brean Capital, with analyst Jonathan Aschoff citing the FDA evaluating adverse event reports of local anesthetic systemic toxicity with Exparel. 5. Corrections Corp. (CXW) downgraded to Neutral from Buy at SunTrust, citing a California ballot initiative due to be voted on in November could enable the state to reduce its inmate population. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/27/16
JPMS
10/27/16
UPGRADE
Target $78
JPMS
Overweight
Avery Dennison upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jeffrey Zekauskas upgraded Avery Dennison to Overweight saying yesterday's post-earnings selloff is disproportionate to the effects in the moderation in earnings growth expectations. The company's volume growth characteristics "remain relatively good," Zekauskas tells investors in a research note. He lowered his price target for the shares to $78 from $80.

TODAY'S FREE FLY STORIES

OMP

Oasis Midstream Partners

, OAS

Oasis Petroleum

$8.91

0.33 (3.85%)

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OMP

Oasis Midstream Partners

OAS

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FEYE

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QLYS

Qualys

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CHKP

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PFPT

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FTNT

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SYMC

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IMPV

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CUDA

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XLRN

Acceleron

$37.73

-1.24 (-3.18%)

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IOVA

Iovance Biotherapeutics

$7.15

-1.4 (-16.37%)

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SAFM

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1.5 (0.93%)

, CAB

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WDC

Western Digital

$86.37

-3.55 (-3.95%)

, TOSYY

Toshiba, also use TOSBF

$17.08

-0.29 (-1.67%)

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WDC

Western Digital

$86.37

-3.55 (-3.95%)

TOSYY

Toshiba, also use TOSBF

$17.08

-0.29 (-1.67%)

TOSBF

Toshiba, also use TOSYY

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NOA

North American Energy

$4.10

-0.05 (-1.20%)

18:26
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ISTR

Investar Holding

$23.15

0.15 (0.65%)

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Investar Holding raises quarterly dividend to 3c from 2c per share »

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BECN

Beacon Roofing

$47.86

-0.63 (-1.30%)

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Syndicate
Beacon Roofing 6.325M share Secondary priced at $47.50 »

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AMD

AMD

$13.74

0.62 (4.73%)

, AMPH

Amphastar

$15.64

-0.02 (-0.13%)

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AMD

AMD

$13.74

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AMPH

Amphastar

$15.64

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GVP

GSE Systems

$2.80

0.05 (1.82%)

MLHR

Herman Miller

DPS

Dr Pepper Snapple

$91.68

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JUNO

Juno Therapeutics

$45.21

1.41 (3.22%)

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ABMD

Abiomed

$157.42

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OSK

Oshkosh

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AET

Aetna

$155.03

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APRN

Blue Apron

$5.22

-0.29 (-5.26%)

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DPS

Dr Pepper Snapple

$91.68

-0.12 (-0.13%)

17:22
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Earnings
Dr Pepper Snapple cuts FY17 EPS view to $4.53-$4.63 from $4.56-$4.66 »

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HBI

Hanesbrands

$24.64

-0.07 (-0.28%)

17:22
09/20/17
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17:22
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17:22
Downgrade
Hanesbrands rating change at Nomura Instinet »

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TPRE

Third Point Reinsurance

$14.40

-0.1 (-0.69%)

, SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

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TPRE

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$14.40

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

, CAB

Cabela's

$61.45

0.07 (0.11%)

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SAFM

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$162.06

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CAB

Cabela's

$61.45

0.07 (0.11%)

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IPCI

Intellipharmaceutics

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RWLK

ReWalk Robotics

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ABM

ABM

$39.29

0.23 (0.59%)

17:11
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Breaking Hot Stocks news story on ABM »

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IVTY

Invuity

$8.35

-0.15 (-1.76%)

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USG

USG

$31.26

1.84 (6.25%)

, CBPX

Continental Building

$25.60

1.25 (5.13%)

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USG

USG

$31.26

1.84 (6.25%)

CBPX

Continental Building

$25.60

1.25 (5.13%)

EXP

Eagle Materials

$105.07

2.9 (2.84%)

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  • 20

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