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UBS Sticks to Its Buy Rating for Amcor PLC Shs Chess Depository Interests (AMC)

Tipranks - Tipranks - Tue Feb 3, 8:18PM CST

UBS analyst Nathan Reilly maintained a Buy rating on Amcor PLC Shs Chess Depository Interests yesterday and set a price target of A$91.25.

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Reilly covers the Industrials sector, focusing on stocks such as ALS, Downer EDI Limited, and Monadelphous Group Limited. According to TipRanks, Reilly has an average return of 12.8% and a 69.60% success rate on recommended stocks.

In addition to UBS, Amcor PLC Shs Chess Depository Interests also received a Buy from J.P. Morgan’s Lee Power in a report issued on January 29. However, on the same day, 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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