2349 GMT - Amcor looks one of the safer bets amid uncertainty created by Trump's tariff action, suggests Citi. Analyst Anthony Pettinari says Amcor is relatively shielded from tariff pain by pass-through mechanisms in its contracts with customers while its products head to defensive markets. "Amcor isn't immune to macro trends, and we conservatively put modest 2% downgrades to 3Q estimates," Citi says. "However, we see Amcor in an attractive position with cost synergy driven growth that can drive double-digit EPS growth in an uncertain macro environment." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 21, 2025 19:49 ET (23:49 GMT)
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