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Citi Remains a Buy on Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Sat May 9, 2:04AM CDT

Citi analyst Anthony Pettinari maintained a Buy rating on Amcor PLC Shs Chess Depository Interests yesterday. The company’s shares closed today at A$54.73.

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According to TipRanks, Pettinari is a 5-star analyst with an average return of 13.5% and a 59.92% success rate. Pettinari covers the Consumer Cyclical sector, focusing on stocks such as O-I Glass, Smurfit Westrock, and Avery Dennison.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amcor PLC Shs Chess Depository Interests with a A$68.51 average price target, a 25.18% upside from current levels. In a report released yesterday, Morgans also maintained a Buy rating on the stock with a A$65.40 price target.

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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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