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Benzinga
Benzinga
Business
Shivani Kumaresan

Truist Sees Amcor Approaching 'Fair Valuation' - Read Why

AMCR Amcor PLC NYSE Russia Kharkiv Ukraine
  • Truist analyst Michael Roxland initiated coverage of Amcor PLC (NYSE:AMCR) with a Hold rating and $12 price target, implying a 6% upside.
  • Roxland noted the shares of the packaging company are approaching fair valuation.
  • Roxland noted with caution that the company is exploring options for its Russian business after the country’s Ukraine invasion forced it to close its Kharkiv factory.
  • The company currently has three factories in Russia.
  • Price Action: AMCR shares closed higher by 0.53% at $11.28 on Thursday.
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