Truist Securities Cuts Avery Dennison (AVY) Price Target to $208

Truist Securities has reiterated its Buy rating on Avery Dennison, adjusting the price target to $208, a 19.01% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:29 PM EDT

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Truist Securities cut its price target on Avery Dennison Corporation ($AVY) to $208 from $209 on October 12, 2026, and rates the stock "Buy".

Since the rating, $AVY is up 4.6% to date (from the $167.65 close on Oct 12, 2026).

AVY Avery Dennison Corporation

$175.31 -2.25% year to date

Daily close · Oct 16, 2026

Key Points

On October 12, 2026, Truist Securities reiterated its Buy rating on Avery Dennison Corporation with a price target of $208, down from $209.
Truist Securities's $208 price target implies 19.01% upside from Avery Dennison Corporation's ($AVY) current $174.78 share price.
The stock recently traded at $174.78, which is about 16% below Truist's target.
Avery Dennison has shown a revenue growth of 10.9% year-over-year and a net margin of 7.6%.

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Truist Securities has reiterated its Buy rating on Avery Dennison Corporation (NYSE: AVY) with a new price target of $208 on October 12, 2026. This is a slight decrease from their previous target of $209. The stock was recently trading at $174.78, which puts it about 16% below the analyst's target.

Analyst rating track record

Truist Securities vs. the S&P 500

YTD return -0.88% hypothetical

All-time return -0.88% S&P 500 +0.74%

vs. S&P 500 -1.62% behind the index

Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Avery Dennison

Several institutional investors have been active in Avery Dennison. Blackrock Inc. increased its holdings by 100,205 shares, bringing its total to 6,482,687 shares valued at approximately $1.14 billion. Wellington Management Group, LLP added 481,843 shares to its stake, totaling 5,788,479 shares worth about $1.01 billion. Conversely, Vanguard Capital Management LLC slightly reduced its position by 5,511 shares, ending with 5,004,194 shares valued at around $877.2 million.

Avery Dennison Corporation Stock Down 0.6%

The stock closed at $174.78 recently, which is significantly below the new price target set by Truist Securities. This could suggest a buying opportunity if investors believe in the company's growth potential, especially given its solid revenue growth and profitability metrics.

12-month forecast

$AVY price target

Avery Dennison Corporation daily closes and this analyst's $208 target. Not advice.

Recent Earnings

Avery Dennison reported a trailing twelve-month revenue of about $9.25 billion and earnings per share (EPS) of $9.14. The company's return on equity is a strong 31.2%, indicating effective management of shareholder funds. The next earnings report is scheduled for October 21, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

F 25/100

Reported Apr 28, 2026

Forward outlook
3 target cuts vs 0 raises.
EPS & revenue
EPS missed estimates by 0.9%. Revenue missed estimates by 0.8%.
Profit surprise
EBITDA missed by 27 percent. Operating income missed by 7 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
3 target cuts.
Earnings quality
Positive free cash flow.

Earnings Call Summary

Avery Dennison started 2026 solidly with adjusted earnings per share up 7 percent to $2.47, driven by strong base label sales and productivity gains. However, high-value categories like Graphics and Intelligent Labels underperformed, partly due to difficult comparisons and weak logistics demand. Management is managing through raw material inflation by implementing price increases and cost reductions, expecting high single-digit inflation in the second quarter. The company deepened its partnership with Williard through a $75 million investment to expand its intelligent labels platform into food and condition-monitoring applications.

Guidance The company expects second quarter organic sales growth of 0 to 2 percent, with reported sales up 2 to 4 percent including currency and acquisition contributions. Earnings per share is expected to be $2.43 to $2.53, up 3 percent year over year at the midpoint. For the full year, management expects sequential earnings growth each quarter, though no new full-year guidance was provided.

Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.

Dividend

Avery Dennison pays an annual dividend rate of $4.00, with a payout ratio of 41.8%. This yield can be attractive for income-focused investors.

Insider Buying and Selling at Avery Dennison Corporation

Recent insider activity includes several sales from Director Mitchell R Butier, who sold 40,000 shares on March 10, 2026, valued at approximately $7.03 million, and another 33,000 shares on March 12, 2026, worth around $5.71 million. Additionally, Officer Ignacio J Walker sold 1,742 shares on August 4, 2026, at an average price of $171.61, totaling about $298,945.

Analysts Set New Price Targets

On October 12, 2026, Truist Securities maintained its Buy rating on Avery Dennison and set a price target of $208, down from $209. This follows other ratings from firms like UBS and Citigroup, which have also maintained their Buy and Neutral ratings, respectively.

About Avery Dennison

Avery Dennison Corporation is a materials science and digital identification solutions company. It operates in various regions, including North America and Europe. The company focuses on providing innovative packaging and labeling solutions, which are essential in many industries.

Bottom Line

Investors should keep an eye on Avery Dennison's upcoming earnings report on October 21, 2026, as well as any further updates from Truist Securities and other analysts. The current stock price presents a discount compared to the recent analyst targets, which could signal potential opportunities.