Amcor Gains Bull After December Selloff -- Market Talk

Dow Jones

01-07

0136 GMT - Citi turns bullish on Amcor following a recent selloff. The packaging company's Australian shares tumbled by 9.3% in December. "We see shares trading near trough levels," at roughly 9x Ebitda, Citi analysts Anthony Pettinari and Samuel Seow say in a note. Citi's target on the stock rises to A$19.00 from A$17.00. Amcor is up 1.8% at A$15.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 06, 2025 20:36 ET (01:36 GMT)

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The packaging company's Australian shares tumbled by 9.3% in December. \"We see shares trading near trough levels,\" at roughly 9x Ebitda, Citi analysts Anthony Pettinari and Samuel Seow say in a note. Citi's target on the stock rises to A$19.00 from A$17.00. Amcor is up 1.8% at A$15.23. 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The packaging company's Australian shares tumbled by 9.3% in December. \"We see shares trading near trough levels,\" at roughly 9x Ebitda, Citi analysts Anthony Pettinari and Samuel Seow say in a note. Citi's target on the stock rises to A$19.00 from A$17.00. Amcor is up 1.8% at A$15.23. 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Amcor is up 1.8% at A$15.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 06, 2025 20:36 ET (01:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}