** Stifel cuts PT on packaging products maker Avery Dennison AVY.N to $205 from $223, maintains rating at "buy"

** New PT still shows premium of 26% from stock's last close

** Brokerage says PT cut reflects persistent margin pressure and slower-than-expected recovery in core labeling volumes as near-term visibility remains limited

** Adds rising competition in pressure-sensitive materials and RFID from nimble regional and tech-driven players is beginning to weigh on pricing and erode AVY's market share

** Six of 14 brokerages rate stock "buy" or higher, seven "hold" and one "sell"; their median PT is $192 - data compiled by LSEG

** Including session's moves, shares down 13% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))