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Bank of America Securities Sticks to Their Buy Rating for Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Thu Feb 5, 4:50PM CST

In a report released today, George Staphos from Bank of America Securities maintained a Buy rating on Amcor PLC Shs Chess Depository Interests, with a price target of A$56.00.

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According to TipRanks, Staphos is a 4-star analyst with an average return of 4.2% and a 52.06% success rate. Staphos covers the Consumer Cyclical sector, focusing on stocks such as Packaging, International Paper Co, and Graphic Packaging.

In addition to Bank of America Securities, Amcor PLC Shs Chess Depository Interests also received a Buy from Citi’s Anthony Pettinari in a report issued today. 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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