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Truist Financial Sticks to Their Buy Rating for Amcor (AMCR)

Tipranks - Tipranks - Fri May 8, 6:52AM CDT

Truist Financial analyst Michael Roxland reiterated a Buy rating on Amcor today and set a price target of $51.00.

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Roxland covers the Consumer Cyclical sector, focusing on stocks such as Graphic Packaging, International Paper Co, and O-I Glass. According to TipRanks, Roxland has an average return of 1.1% and a 46.60% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Amcor with a $49.20 average price target.

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Based on Amcor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.45 billion and a net profit of $177 million. In comparison, last year the company earned a revenue of $3.24 billion and had a net profit of $163 million

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