BUZZ-Macquarie hikes PT for Amcor's Australian shares

Reuters

02/06

BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes PT for Amcor's Australian shares

** Macquarie raises target price for Amcor's Australian shares AMC.AX to A$18.20 from A$18.00

** Stock down 0.1% at A$16.15 after rising to a nine-week high on Wednesday

** Packaging co reaffirmed its FY25 EPS outlook on Tuesday

** Brokerage Macquarie takes into account outlook reaffirmation and strong first-quarter earnings of Berry Group BERY.N, a company Amcor agreed to buy in November

** Seven of 12 analysts rate the stock "buy" or higher, 4 "hold" and 1 "sell"; their median PT is A$17.20 – LSEG data

** Stock rose 5.3% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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