Is Avery Dennison (AVY) A Bargain After Reflective Materials Growth Optimism?

Avery Dennison (AVY) has just been removed from the FTSE All World Index, a technical shift that can influence index tracking flows even as management highlights high value categories and reflective material opportunities. Recent trading reflects that mixed backdrop. The share price is around $172.66, with a 1 month share price return down 6% and a 90 day share price return up 4.9%, while the 1 year total shareholder return of 8.9% points to steadier gains for longer term holders as Avery...