.September 19, 2024 09:25:00 AM

Baird analysts reiterated an Outperform rating for Avery Dennison (NYSE:AVY) with a $250 price target. The company’s long-term financial targets through 2028 align with previous projections, driven by growth in high-value categories and RFID technology. Additional markets adopting RFID could boost prospects. The $250 price target is based on a valuation of around 24x the analyst’s 2025 EPS estimate of $10.50.