Analysts Offer Insights on Materials Companies: Albany International (NYSE: AIN) and Avery Dennison (NYSE: AVY)

Analysts have been eager to weigh in on the Materials sector with new ratings on Albany International (AINResearch Report) and Avery Dennison (AVYResearch Report).

Albany International (AIN)

In a report released yesterday, Peter Arment from Robert W. Baird maintained a Hold rating on Albany International, with a price target of $92.00. The company’s shares closed last Wednesday at $85.65, close to its 52-week high of $92.42.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 13.7% and a 64.6% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Spirit AeroSystems.

Albany International has an analyst consensus of Hold, with a price target consensus of $88.67.

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Avery Dennison (AVY)

In a report released yesterday, Ghansham Panjabi from Robert W. Baird reiterated a Buy rating on Avery Dennison, with a price target of $250.00. The company’s shares closed last Wednesday at $216.71, close to its 52-week high of $226.19.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 18.8% and a 78.3% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Berry Global Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avery Dennison with a $229.43 average price target, implying a 5.7% upside from current levels. In a report issued on May 20, BMO Capital also maintained a Buy rating on the stock with a $241.00 price target.

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