Argus lowered the firm's price target on Avery Dennison (AVY) to $175 from $190 and keeps a Buy rating on the shares. The company's new partnership with Walmart (WMT) on RFID technology and strategic acquisitions should provide meaningful upside potential, and while the near-term tariff environment continues to pose a threat to earnings growth in the coming quarters, the firm expects the management to navigate these challenges, the analyst tells investors in a research note.
