Amcor plc's stock surged 5.03% during intraday trading on Wednesday, following positive analyst actions.
The sharp rise came after BofA raised its price target on Amcor to $56 from $48.40 while maintaining a Buy rating on the shares, following the company's fiscal second-quarter report. Separately, Baird also increased its price target to $54 from $50 and kept an Outperform rating, updating its model after the quarterly results.
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