** Packaging and label maker Avery Dennison's shares rise 2.3% to $219.78
** BofA double upgrades rating to "buy" from "underperform", citing improved outlook for e-commerce and box-board markets
** Lifts price target to $250 from $207, representing over 16% upside to the stock's last close
** "We believe that the macro tide is rising for both of AVY's businesses." - BofA
** Four brokerages rate the stock "strongbuy", six "buy" and four "hold"; their median PT is $250 - LSEG data
** As of last close, stock had risen 8.7% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
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