** BofA raises price objective on packaging products maker Avery Dennison AVY.N to $198 from $195, maintains "buy" rating

** New PT represents an 8.5% upside from stock's last close

** Brokerage expects Avery Dennison to benefit from improving macro trends, with intelligent labels driving growth in coming years

** However, BofA lowers AVY's 2026 EPS estimate to $10.10 from $10.55 due to weak volumes, higher interest costs, and expected incentive payouts

** Nine of 14 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $204, according to data compiled by LSEG

** Including session's move, shares down 1% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))