BUZZ-Macquarie hikes PT for Amcor's Australian shares
ReutersFeb 6, 2025 4:20 AM
Macquarie raises target price for Amcor's Australian shares AMC.AX to A$18.20 from A$18.00
Stock down 0.1% at A$16.15 after rising to a nine-week high on Wednesday
Packaging co reaffirmed its FY25 EPS outlook on Tuesday
Brokerage Macquarie takes into account outlook reaffirmation and strong first-quarter earnings of Berry Group BERY.N, a company Amcor agreed to buy in November
Seven of 12 analysts rate the stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is A$17.20 – LSEG data
Stock rose 5.3% in 2024
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