Jefferies cuts PT for Amcor's Australia shares over volume concerns

Amcor

01/10/2025 19:30

** Jefferies trims price target for Australia-listed shares of Amcor AMC.AX to A$16.98 from A$17.95, retains "buy" rating

** Brokerage highlights investor concerns about weak volumes; expects volumes to be down in Q1 and Q2

** Jefferies also flags weak U.S. consumer confidence, remains cautious on outlook

** Thirteen analysts rate the stock "buy" on average; median PT is A$16.74, according to LSEG-compiled data

** YTD, shares down 17.8%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))