BUZZ-Australia-listed Amcor gains as Citi lifts PT, upgrades to 'buy'

Reuters

01-07

BUZZ-Australia-listed Amcor gains as Citi lifts PT, upgrades to 'buy'

** ASX-listed shares of Amcor AMC.AX 485.F rise as much as 2.3% to A$15.31

** Stock set for its strongest session of gains since late-Nov 2024, if current trend holds

** Analysts at Citi lift PT to A$19 from A$17, and upgrade stock to "buy" from "hold"

** Brokerage upgrades stock rating after recent sell-off in December 2024

** Views Amcor's buyout of Berry Group BERY.N as logical; further expects Amcor to outperform initial synergy targets

** Six of 12 analysts rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is A$16.60 – LSEG data

** Stock has risen 5.3% in 2024

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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further expects Amcor to outperform initial synergy targets</p><p>** Six of 12 analysts rate the stock \"buy\" or higher, five \"hold\" and one \"sell\"; their median PT is A$16.60 – LSEG data</p><p>** Stock has risen 5.3% in 2024</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> ((Rishav.Chatterjee@thomsonreuters.com;))</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC.AU","symbol_name":"AMCOR PLC-CDI","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250107:nL4N3O3091:1","article_id":"2501217200","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501217200","pubTimestamp":1736219989,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia-listed Amcor gains as Citi lifts PT, upgrades to 'buy'** ASX-listed shares of Amcor AMC.AX 485.F rise as much as 2.3% to A$15.31** Stock set for its strongest session of gains since late-Nov 2024, if current trend holds ** Analysts at Citi lift PT to A$19 from A$17, and upgrade stock to \"buy\" from \"hold\"** Brokerage upgrades stock rating after recent sell-off in December 2024** Views Amcor's buyout of Berry Group BERY.N as logical; 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further expects Amcor to outperform initial synergy targets** Six of 12 analysts rate the stock \"buy\" or higher, five \"hold\" and one \"sell\"; their median PT is A$16.60 – LSEG data** Stock has risen 5.3% in 2024 (Reporting by Rishav Chatterjee in Bengaluru) ((Rishav.Chatterjee@thomsonreuters.com;))","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":"shareholding","news_rank":0,"symbols":[],"gpt_button":1}}}