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Fly News Breaks for March 20, 2019
AVY
Mar 20, 2019 | 08:45 EDT
As previously reported, Loop Capital analyst Chris Kapsch downgraded Avery Dennison to Hold from Buy and lowered his price target to $118 from $122, saying the risk reward on the stock has become more balanced after its price recovered from the downdraft in Q4. The analyst also notes that some of the company's "quasi peers" are "generally acknowledging slower-than-anticipated conditions in China and/ Europe", while those regions together comprise about two thirds of Avery Dennison's revenues.
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