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. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 06, 2025 20:36 ET (01:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7063","symbol_name":"紙材料包裝","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2501215147","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501215147","pubTimestamp":1736213760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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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}}}