With the U.S. economic landscape becoming more uncertain, it's prudent to add a defensive stock or two to your portfolio, and with the aforementioned in mind Avery Dennison is worth an evaluation.
Avery Dennison Corporation (NYSE: AVY) is the leading global manufacturer of pressure-sensitive technology and self-adhesive solutions for consumer products and label systems, including office/school products, product identification and control systems, and specialty tapes and chemicals.
Analysts like AVY's office products/school products division, with a better-than-expected season seen for 2008. Further, AVY's international business is likely to continue to growth at a healthy rate in 2008-2009, on solid revenue gains in Europe, Asia, and Latin America. The Reuters FY 2008/FY 2009 EPS consensus estimates for AVY are $4.27 to $4.83.
Avery Dennison Corporation (NYSE: AVY) is the leading global manufacturer of pressure-sensitive technology and self-adhesive solutions for consumer products and label systems, including office/school products, product identification and control systems, and specialty tapes and chemicals.
Analysts like AVY's office products/school products division, with a better-than-expected season seen for 2008. Further, AVY's international business is likely to continue to growth at a healthy rate in 2008-2009, on solid revenue gains in Europe, Asia, and Latin America. The Reuters FY 2008/FY 2009 EPS consensus estimates for AVY are $4.27 to $4.83.
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