Baird Lifts Amcor Target to $54; Truist Sees $60 with $55M Q4 Synergies
Amcor plc’s price target was raised by Baird analyst Ghansham Panjabi from $50 to $54, implying a 12% upside with an Outperform rating after Q4 revisions. Truist’s Michael Roxland maintained a Buy rating with a $60 target, forecasting 25% upside and reporting $55 million in Q4 synergies, expecting $70–80 million next quarter.
1. Hedge Fund Favoritism
Amcor is one of eight paper and plastic packaging stocks most favored by hedge funds, reflecting growing institutional interest in its diversified packaging portfolio.
2. Baird Raises Target
On February 4, Ghansham Panjabi at Baird increased his Amcor price target from $50 to $54, implying a 12% upside and reiterating an Outperform rating following fourth-quarter revisions.
3. Truist Maintains Buy Rating
Michael Roxland of Truist Financial maintained a Buy rating with a $60 target price, forecasting nearly 25% upside and reporting $55 million in realized Q4 synergies from G&A cuts and procurement efficiencies, with $70–80 million expected next quarter.
4. Company Operations
Amcor operates through Global Flexible and Global Rigid Packaging segments, manufacturing packaging materials and containers for food, beverage, pharmaceutical, personal care, and other consumer products worldwide.