JPMorgan Downgrades Avery Dennison (AVY) to Neutral

JPMorgan downgraded Avery Dennison (NYSE: AVY) from Overweight to Neutral with a price target of $101.00 (from $96.00).

Analyst Jeff Zekauskas is negative for the next year on the equity noting the prospects for the company are discounted in the current valuation following a nearly 50% gain YTD. The analyst downgrades the name citing expectations for weak price performance over the next year.

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 $104.05 yesterday.

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