Bank of America Raises Amcor Target to $56, Trims EPS Forecasts
Bank of America raised Amcor’s target to $56 from $48.40 while reaffirming Buy and trimming EPS forecasts to $4.00 for FY26 and $4.30 for FY27. In Q2 adjusted EPS rose 7% and cost synergies totaled $55m, with management guiding $4–4.15 EPS for FY26 and reviewing $2.5b in non-core assets.
1. Analyst Rating and Price Target Increase
Bank of America lifted its target on Amcor to $56 from $48.40 and reaffirmed a Buy rating. The firm trimmed fiscal EPS forecasts to $4.00 for FY26 and $4.30 for FY27 following its Q2 review.
2. Q2 Performance and Synergy Realization
Amcor reported adjusted Q2 EPS growth of 7%, driven by cost synergies that delivered $55m in the quarter and $93m in the first half of fiscal 2026. Management noted that synergy realization tracked at the high end of guidance, offsetting softer volumes.
3. Outlook and Asset Review
Leadership affirmed full-year adjusted EPS guidance of $4 to $4.15 while aiming for double-digit growth and doubling free cash flow versus fiscal 2025. The company is actively evaluating the sale of roughly $2.5b in non-core assets, including its North American beverage business.