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

Tipranks - Tipranks - Wed Jan 21, 4:48PM CST

Citi analyst Anthony Pettinari maintained a Buy rating on Amcor PLC Shs Chess Depository Interests yesterday and set a price target of A$75.00. The company’s shares closed last Tuesday at A$64.10.

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Pettinari covers the Consumer Cyclical sector, focusing on stocks such as Packaging, Avery Dennison, and DR Horton. According to TipRanks, Pettinari has an average return of 16.2% and a 68.03% success rate on recommended stocks.

In addition to Citi, Amcor PLC Shs Chess Depository Interests also received a Buy from Morgan Stanley’s Joseph Michael in a report issued yesterday. 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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