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Morgan Stanley Reaffirms Their Hold Rating on Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Thu May 7, 7:56PM CDT

In a report released today, Joseph Michael from Morgan Stanley maintained a Hold rating on Amcor PLC Shs Chess Depository Interests, with a price target of A$62.86.

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According to TipRanks, Michael is a 4-star analyst with an average return of 7.5% and a 50.78% success rate.

In addition to Morgan Stanley, Amcor PLC Shs Chess Depository Interests also received a Hold from RBC Capital’s Mark Wilson CFA in a report issued on May 4. However, on the same day, UBS maintained a Buy rating on Amcor PLC Shs Chess Depository Interests (ASX: AMC).

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Based on Amcor PLC Shs Chess Depository Interests’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$5.54 billion and a net profit of A$179.92 million. In comparison, last year the company earned a revenue of A$3.24 billion and had a net profit of A$163 million

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