Macquarie hikes PT for Amcor's Australian shares
06/02/2025 04:20
** Macquarie raises target price for Amcor's Australian
shares AMC.AX to A$18.20 from A$18.00
** Stock down 0.1% at A$16.15 after rising to a nine-week
high on Wednesday
** Packaging co reaffirmed its FY25 EPS outlook on Tuesday
** Brokerage Macquarie takes into account outlook
reaffirmation and strong first-quarter earnings of Berry Group
BERY.N , a company Amcor agreed to buy in November
** Seven of 12 analysts rate the stock "buy" or higher, 4
"hold" and 1 "sell"; their median PT is A$17.20 – LSEG data
** Stock rose 5.3% in 2024
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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