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Recommendations
Avery Dennison price target raised to $130 from $120 at Baird » 07:50
06/10/20
06/10
07:50
06/10/20
07:50
AVY

Avery Dennison

$122.51 /

-2.11 (-1.69%)

Baird analyst Ghansham…

Baird analyst Ghansham Panjabi raised the firm's price target on Avery Dennison to $130 from $120 and keeps an Outperform rating on the shares. The analyst said confirmation of sequential improvement through Q2 moderating the year-over-year sales decline is an incremental positive while noting much of the latter is priced into the shares during the recent market-led run-up.

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AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

06/01/20 Atlantic Equities
Avery Dennison initiated with an Overweight at Atlantic Equities
03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

Conference/Events
Avery Dennison participates in a conference call with Baird » 16:25
06/09/20
06/09
16:25
06/09/20
16:25
AVY

Avery Dennison

$122.51 /

-2.11 (-1.69%)

Conference call with…

Conference call with Chairman & President Butier to discuss the current status of operations will be held on June 9 at 4:30 pm. Webcast Link

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AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

06/01/20 Atlantic Equities
Avery Dennison initiated with an Overweight at Atlantic Equities
03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
AVY Avery Dennison
$122.51 /

-2.11 (-1.69%)

Conference/Events
Avery Dennison participates in a conference call with Baird » 07:33
06/09/20
06/09
07:33
06/09/20
07:33
AVY

Avery Dennison

$124.62 /

+1.45 (+1.18%)

Conference call with…

Conference call with Chairman & President Butier to discuss the current status of operations will be held on June 9 at 4:30 pm. Webcast Link

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AVY Avery Dennison
$124.62 /

+1.45 (+1.18%)

AVY Avery Dennison
$124.62 /

+1.45 (+1.18%)

06/01/20 Atlantic Equities
Avery Dennison initiated with an Overweight at Atlantic Equities
03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
AVY Avery Dennison
$124.62 /

+1.45 (+1.18%)

Over a month ago
Initiation
Avery Dennison initiated with an Overweight at Atlantic Equities » 10:00
06/01/20
06/01
10:00
06/01/20
10:00
AVY

Avery Dennison

$112.93 /

+2.2 (+1.99%)

Atlantic Equities analyst…

Atlantic Equities analyst Colin Isaac initiated coverage of Avery Dennison with an Overweight rating and $133 price target.

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AVY Avery Dennison
$112.93 /

+2.2 (+1.99%)

AVY Avery Dennison
$112.93 /

+2.2 (+1.99%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
AVY Avery Dennison
$112.93 /

+2.2 (+1.99%)

Hot Stocks
Avery Dennison sees decline in organic growth, earnings for 2020 » 06:49
04/29/20
04/29
06:49
04/29/20
06:49
AVY

Avery Dennison

$115.24 /

+1.24 (+1.09%)

"The coronavirus is…

"The coronavirus is having a substantial impact on our teams, our markets and customers, our communities, and, of course, our shareholders," said Mitch Butier, Chairman, President and CEO. "The situation has been evolving in unpredictable ways, and the team is doing a tremendous job adapting to the new reality, anticipating and planning for various scenarios. "Our first priority in this crisis has been and will continue to be protecting the health and welfare of our teams, followed immediately by continuing to deliver industry-leading product quality and service for our customers," added Butier. "I am proud of the actions we are taking to protect our team of 30,000 plus employees while meeting our customers' needs in this challenging environment. I want to thank the entire team, especially those in our plants, for their tireless efforts to deliver for our customers through this crisis while keeping each other safe, bringing a whole new level of agility and dedication to address the unique challenges at hand. While earnings exceeded our expectations in the first quarter, the early stages of this downturn are playing out differently than past recessions. Label and Packaging Materials, our largest business, serves essential categories that are experiencing higher demand during the pandemic. In contrast, RBIS, which primarily serves apparel markets, is seeing a significant decline in demand, reflecting widespread retail store and apparel manufacturing closures. As a result, we anticipate a decline in organic growth and earnings for the year, as strong volume in essential label categories is more than offset by declines in categories serving apparel and industrial end markets. We are actively managing this dynamic environment, updating our scenario plans to reflect the unique nature of this global health crisis. We entered this crisis from a position of financial, operational, and commercial strength. Though the nature of the macro challenges is different than in past recessions, our business is resilient across economic cycles, as we serve diverse end markets. Past scenario planning has ensured that we have ample liquidity and a strong balance sheet, and we're targeting free cash flow to be comparable to what we delivered last year."

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AVY Avery Dennison
$115.24 /

+1.24 (+1.09%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
Earnings
Avery Dennison suspends 2020 EPS guidance » 06:47
04/29/20
04/29
06:47
04/29/20
06:47
AVY

Avery Dennison

$115.24 /

+1.24 (+1.09%)

The company said,…

The company said, "As the impact of the pandemic on global demand for the company's products cannot be reasonably estimated at this time, the company has suspended its annual EPS guidance provided in January. The company is prepared for a range of possible macro scenarios and how they might impact each business. In general, the company expects the LPM business to fare relatively better and RBIS and Graphics Solutions to fare worse than these businesses did during 2008-2009. The company currently expects sales and earnings to decline in 2020 on lower demand, with a disproportionate impact to its second quarter results, with an organic sales decline of 15 percent to 20 percent vs. prior year in Q2, followed by sequential improvement in the second half. Historically, the company's businesses have rebounded quickly in the year following a recession. As previously stated, the company has initiated cost control and cash management actions to partially offset the decline in demand for certain of its businesses, and is targeting to deliver free cash flow of at least $500 million in 2020 and 2021."

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AVY Avery Dennison
$115.24 /

+1.24 (+1.09%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
Hot Stocks
Avery Dennison temporarily pauses share repurchase activity  06:47
04/29/20
04/29
06:47
04/29/20
06:47
AVY

Avery Dennison

$115.24 /

+1.24 (+1.09%)

 
ShowHide Related Items >><<
AVY Avery Dennison
$115.24 /

+1.24 (+1.09%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
Earnings
Avery Dennison suspends 2020 EPS guidance  06:45
04/29/20
04/29
06:45
04/29/20
06:45
AVY

Avery Dennison

$115.24 /

+1.24 (+1.09%)

 
ShowHide Related Items >><<
AVY Avery Dennison
$115.24 /

+1.24 (+1.09%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
Earnings
Avery Dennison reports Q1 adjusted EPS $1.66, consensus $1.50 » 06:45
04/29/20
04/29
06:45
04/29/20
06:45
AVY

Avery Dennison

$115.24 /

+1.24 (+1.09%)

Reports Q1 revenue…

Reports Q1 revenue $1.72B, consensus $1.74B.

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AVY Avery Dennison
$115.24 /

+1.24 (+1.09%)

03/25/20 BMO Capital
Avery Dennison price target lowered to $127 from $151 at BMO Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
Over a quarter ago
Recommendations
Avery Dennison price target lowered to $127 from $151 at BMO Capital » 08:40
03/25/20
03/25
08:40
03/25/20
08:40
AVY

Avery Dennison

$97.97 /

+17.94 (+22.42%)

BMO Capital analyst John…

BMO Capital analyst John McNulty lowered the firm's price target on Avery Dennison to $127 from $151 and keeps a Market Perform rating on the shares following commentary from CEO Mitch Butier about the current environment. The analyst expects the company to face end-market pressure in the retail apparel and industrial/auto segments, though the discussion also highlighted some of the "silver linings" that included significant Label and Graphic Materials demand and liquidity.

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AVY Avery Dennison
$97.97 /

+17.94 (+22.42%)

03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
03/20/20 Loop Capital
Avery Dennison upgraded to Buy from Hold at Loop Capital
01/23/20 Credit Suisse
Avery Dennison price target raised to $129 from $117 at Credit Suisse
01/07/20 Argus
Avery Dennison initiated with a Hold at Argus

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