BUZZ-Australia-listed Amcor gains as Citi lifts PT, upgrades to 'buy'
ReutersJan 7, 2025 3:19 AM
ASX-listed shares of Amcor AMC.AX 485.F rise as much as 2.3% to A$15.31
Stock set for its strongest session of gains since late-Nov 2024, if current trend holds
Analysts at Citi lift PT to A$19 from A$17, and upgrade stock to "buy" from "hold"
Brokerage upgrades stock rating after recent sell-off in December 2024
Views Amcor's buyout of Berry Group BERY.N as logical; further expects Amcor to outperform initial synergy targets
Six of 12 analysts rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is A$16.60 – LSEG data
Stock has risen 5.3% in 2024
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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