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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

DPS

Dr Pepper Snapple

$96.35

1.03 (1.08%)

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RCII

Rent-A-Center

$11.70

0.09 (0.78%)

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

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T

AT&T

$37.21

0.06 (0.16%)

, TWX

Time Warner

$93.36

0.39 (0.42%)

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AT&T requesting docs from companies in Time Warner deal hearing, Reuters says »

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T

AT&T

$37.21

0.06 (0.16%)

TWX

Time Warner

$93.36

0.39 (0.42%)

VZ

Verizon

$51.91

0.36 (0.70%)

CMCSA

Comcast

$42.50

0.65 (1.55%)

CMCSK

Comcast

DISH

Dish

$45.26

0.1 (0.22%)

CHTR

Charter

$366.05

0.8 (0.22%)

DIS

Disney

$110.59

0.17 (0.15%)

VIA

Viacom

$39.20

-0.5 (-1.26%)

VIAB

Viacom

$33.36

-0.59 (-1.74%)

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GRPN

Groupon

$5.57

0.46 (9.00%)

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Groupon announces Chief Product Officer Jay Sullivan resigns »

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CELG

Celgene

$102.65

0.93 (0.91%)

17:41
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VALU

Value Line

$19.60

0.3 (1.55%)

17:40
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Value Line reaffirms $3M stock repurchase program »

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VALU

Value Line

$19.60

0.3 (1.55%)

17:39
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Hot Stocks
Value Line declares special dividend of 20c per share »

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ZEAL

Zealand Pharma

$15.05

-0.78 (-4.93%)

17:34
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Zealand Pharma: FDA approves IND for Phase 3 trials of dasiglucagon in CHI »

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GNMSF

Genmab

$190.75

2.75 (1.46%)

, JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

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Genmab says FDA grants priority review for daratumumab »

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Genmab

$190.75

2.75 (1.46%)

JNJ

Johnson & Johnson

$147.36

0.44 (0.30%)

03/08/13
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  • 19

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

17:21
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Huntington Ingalls awarded $125.2M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

17:20
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Hot Stocks
BAE Systems, General Dynamics awarded $237.6M government contract modification »

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

GD

General Dynamics

$209.10

1.3 (0.63%)

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  • 24

    Jan

SYRS

Syros Pharmaceuticals

$10.80

0.27 (2.56%)

17:17
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Syndicate
Breaking Syndicate news story on Syros Pharmaceuticals »

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WTFC

Wintrust Financial

$87.81

0.96 (1.11%)

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Wintrust Financial raises its minimum wage to $15 per hour »

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  • 23

    Jan

TWTR

Twitter

$23.66

-0.38 (-1.58%)

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Twitter says has identified more IRA and automated Russia-based accounts »

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ITEK

Inotek Pharmaceuticals

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Boxer Capital reports 5.3% passive stake in Rocket Pharmaceuticals »

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OIS

Oil States

$32.80

0.35 (1.08%)

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Breaking Syndicate news story on Oil States »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

, QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

16:43
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Broadcom receives second request from FTC for proposed Qualcomm deal »

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AVGO

Broadcom

$266.39

-3.41 (-1.26%)

QCOM

Qualcomm

$68.04

-0.01 (-0.01%)

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  • 06

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TRNC

tronc

$19.53

0.3 (1.56%)

16:37
01/19/18
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Periodicals
LA Times' CEO Ross Levinsohn to take leave of absence amid probe, WSJ says »

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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

16:35
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Breaking Syndicate news story on Ampco-Pittsburgh »

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  • 29

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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Carlyle Group reports 6% passive stake in Union Bankshares »

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

UBSH

Union Bankshares

$38.79

0.54 (1.41%)

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  • 23

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ANDX

Andeavor Logistics

$52.52

0.12 (0.23%)

16:31
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Hot Stocks
Andeavor Logistics raises quarterly cash distribution to $1.00 per unit »

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  • 16

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Options
Preliminary option volume of 22.8M today »

Preliminary option volume…

TRNC

tronc

$19.53

0.3 (1.56%)

16:26
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Periodicals
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RKDA

Arcadia Biosciences

$0.27

0.0285 (11.88%)

16:25
01/19/18
01/19
16:25
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Conference/Events
Arcadia Biosciences to host special shareholder meeting »

Special Shareholder…

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