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

Tipranks - Tipranks - Mon Jan 19, 4:48PM CST

Morgans analyst Alexander Lu maintained a Buy rating on Amcor PLC Shs Chess Depository Interests today and set a price target of A$76.00.

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Lu covers the Industrials sector, focusing on stocks such as Reece Limited, Acrow Formwork and Construction Services Limited, and Veem Ltd. According to TipRanks, Lu has an average return of 5.8% and a 47.83% success rate on recommended stocks.

In addition to Morgans, Amcor PLC Shs Chess Depository Interests also received a Buy from TipRanks – Google’s Google Consumer Cyclical AU in a report issued on January 16. However, on January 14, TipRanks – xAI reiterated 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 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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