tiprankstipranks

Amcor initiated with an Overweight at Morgan Stanley

Morgan Stanley initiated coverage of Amcor (AMCR) with an Overweight rating and $13 price target. The company’s Berry Global (BERY) transaction has the potential to deliver attractive earnings accretion, and its track record points to them being able to deliver on this potential, creating significant earnings growth and valuation upside, the analyst tells investors in a research note. The transaction is also not yet incorporated in consensus estimates, suggesting upgrades will follow assuming completion, the firm adds.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue