Amcor’s Growth Potential and Valuation Make It a Buy Despite Challenges
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George Staphos has rated Amcor as a Buy, citing its growth potential and current valuation despite challenges in volume growth, especially in North America. The acquisition of Berry Global is expected to enhance Amcor's portfolio and earnings, improving scale and margins. With a free cash flow yield of 9.7%, the market may undervalue Amcor, and potential deconsolidation of non-core revenues could further enhance margins. Jefferies also reiterated a Buy rating with a $11.67 price target.
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