Avery Dennison (AVY) Plunges 4.03% on UBS Target Price Cut

Avery Dennison (AVY) shares fell 4.03% today, marking the fourth consecutive day of decline, with a total drop of 11.63% over the past four days. The stock price hit its lowest level since June 2022, with an intraday decline of 5.58%.

UBS has reduced its target price for Avery Dennison to $189 from $207. This adjustment reflects a more pessimistic outlook from the financial institution, which could influence investor sentiment and lead to a further decline in the stock price as expectations are revised downward.

Analysts have offered a range of opinions on Avery Dennison over the past three months, with some taking a bullish stance while others are more bearish. This diversity in perspectives can contribute to market uncertainty, making it challenging for investors to form a clear consensus on the stock's future direction.