KeyBanc Starts Avery Dennison (AVY) at Sector Weight

KeyBanc initiated coverage on Avery Dennison (NYSE: AVY) with a Sector Weight rating. Analyst Adam J. Josephson doesn't see clear catalysts for the stock.

"We initiate coverage on AVY with a Sector Weight rating as its free cash flow yield is in line with its packaging peers following the stock’s recent substantial run post-1Q earnings and we do not see obvious catalysts to push the stock higher from here," said Josephson.

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

Shares of Avery Dennison closed at $59.83 yesterday.

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