** Argus Research cuts target price on labeling materials maker Avery Dennison AVY.N to $175 from $190, reiterates rating at "buy"

** New target price shows an upside of 12.3% from AVY's last close

** Says co's near-term earnings growth faces risks from tariffs and a challenging macro environment

** Adds higher employee costs and investment spending are weighing on profitability

** Co's Solutions segment remains under pressure, with declining sales and weaker margins - Argus

** Separately, Avery Dennison says it has appointed Danny Allouche as president of its Materials Group

** Nine of 13 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $201.95- data compiled by LSEG

** As of last close, stock had fallen 14.3% YTD