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Morgan Stanley downgrades Amcor PLC Shs Chess Depository Interests (AMC) to a Hold

Tipranks - Tipranks - Thu Jan 29, 7:12PM CST

Morgan Stanley analyst Joseph Michael downgraded Amcor PLC Shs Chess Depository Interests to a Hold today and set a price target of A$68.66.

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According to TipRanks, Michael is ranked #1641 out of 11984 analysts.

In addition to Morgan Stanley, Amcor PLC Shs Chess Depository Interests also received a Hold from TipRanks – OpenAI’s OpenAI Consumer Cyclical AU in a report issued on January 14. However, on January 21, Jarden maintained a Buy 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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