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Jefferies Reaffirms Their Buy Rating on Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Mon May 11, 7:24AM CDT

In a report released on May 8, Ramoun Lazar from Jefferies maintained a Buy rating on Amcor PLC Shs Chess Depository Interests, with a price target of A$70.77. The company’s shares closed last Friday at A$54.86.

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Lazar covers the Basic Materials sector, focusing on stocks such as Orica Limited, Sims, and Nufarm Limited. According to TipRanks, Lazar has an average return of -1.4% and a 34.21% success rate on recommended stocks.

In addition to Jefferies, Amcor PLC Shs Chess Depository Interests also received a Buy from Citi’s Anthony Pettinari in a report issued on May 7. However, on the same day, Morgan Stanley maintained a Hold 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 March 31, the company reported a quarterly revenue of A$5.91 billion and a net profit of A$278 million. In comparison, last year the company earned a revenue of A$3.33 billion and had a net profit of A$196 million

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