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Citi Keeps Their Buy Rating on Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Wed Feb 4, 7:14PM CST

Citi analyst Anthony Pettinari maintained a Buy rating on Amcor PLC Shs Chess Depository Interests today and set a price target of A$75.00.

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According to TipRanks, Pettinari is a 5-star analyst with an average return of 16.2% and a 68.03% success rate. Pettinari covers the Consumer Cyclical sector, focusing on stocks such as Amcor PLC Shs Chess Depository Interests, DR Horton, and International Paper Co.

In addition to Citi, Amcor PLC Shs Chess Depository Interests also received a Buy from UBS’s Nathan Reilly in a report issued on February 2. However, on January 29, Morgan Stanley downgraded Amcor PLC Shs Chess Depository Interests (ASX: AMC) to a Hold.

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Based on Amcor PLC Shs Chess Depository Interests’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of A$5.75 billion and a net profit of A$262 million. In comparison, last year the company earned a revenue of A$3.35 billion and had a net profit of A$191 million

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