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Fly News Breaks for February 1, 2018
AVY
Feb 1, 2018 | 06:38 EDT
JPMorgan analyst Jeffrey Zekauskas downgraded Avery Dennison to Underweight while raising his price target for the shares to $113 from $101. The analyst thinks Avery's "strong prospects" are well recognized by the market at current valuation levels. He also sees of contraction to current valuation multiples.