BofA Cuts Amcor (AMCR) Price Target in Packaging Group Preview

NodeGuardian · 2026-04-08T07:46:06+00:00

BofA reduced Amcor's price target to $48 but retains a Buy rating. This follows Amcor's merger with Berry Global, aiming for portfolio expansion and cost synergies. The company expects strong earnings and $2 billion in free cash flow by 2027.

NodeGuardian

2026-04-08 07:46:06

Abstract generation in progress

BofA has reportedly lowered its price target for Amcor (AMCR) to $48 from $56, while maintaining a Buy rating on the stock. This adjustment comes as part of a preview of the packaging group, following Amcor’s all-stock merger with Berry Global last April, which aimed to broaden its portfolio and achieve cost synergies. Despite potential complexities in post-merger integration, the company projects strong adjusted earnings per share and free cash flow for FY2026 and expects free cash flow to reach $2 billion by 2027.

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