A multitude of recent reports emphasize **Amcor Plc (AMCR)**'s strong standing in the market. Despite concerns over weak volumes and dividends, the stock has seen considerable growth following its merger with **Berry Global**. Both institutions and insiders appear to show significant faith in the stock. Both Wells Fargo and Jefferies have initiated overweight or buy ratings citing the compelling risk-reward balance present in the AMCR stock. **UBS** upgraded Amcor citing promising EPS growth and the $12 price target proposed by Jefferies supports an optimistic outlook. The merger with Berry Global has completed, which is expected to significantly enhance value for both customers and shareholders. AMCR recently achieved a major sustainability milestone by slashing plastic use by 16% while doubling recycled content. However, their Q3 earnings did miss expectations despite matching estimates. Nonetheless, their $2.2 billion notes raised for the Berry acquisition and the fact that the company is expected to generate an annual cash flow of $3 billion shows immense potential. This positive outlook is bolstered by the company's continued efforts towards innovation and sustainability.
Amcor Plcs AMCR News Analytics from Tue, 19 Nov 2024 08:00:00 GMT to Fri, 04 Jul 2025 07:54:09 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 6
