2157 GMT - Packaging company Amcor's margins are likely to be squeezed by attacks on Middle East energy infrastructure that have disrupted raw-materials supply, Jefferies says. It highlights a 15%-30% rise in resin prices compared to levels before the conflict began. Resins account for around half of Amcor's raw-materials costs, or US$6 billion. Jefferies doesn't expect a sustained drag on margins, but cuts its adjusted EPS forecast by 1% to the bottom of Amcor's guidance range of US$4.00-US$4.15/share. It also projects Amcor's free cash flow at US$1.75 billion, missing company expectations. Jefferies's price target falls by 9.6% to A$75.27/share. Amcor ended Monday at A$55.24.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 23, 2026 17:57 ET (21:57 GMT)

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