BofA/Merrill Cuts Avery Dennison (AVY) to Underperform Following Q2 Results, Outlook

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July 25, 2012 8:36 AM EDT
Get Alerts AVY Hot Sheet
Price: $178.93 -0.6%

Rating Summary:
    14 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 4 | New: 7
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BofA/Merrill Lynch downgraded Avery Dennison (NYSE: AVY) from Neutral to Underperform Wednesday morning.

Shares of Avery Dennison rose about 9 percent on Tuesday following strong Q2 results and narrowed FY12 guidance.

For an analyst ratings summary and ratings history on Avery Dennison click here. For more ratings news on Avery Dennison click here.

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