5 Best NYSE Penny Stocks To Buy

4. Ardagh Metal Packaging SA (NYSE:AMBP)

Number of Hedge Fund Investors: 26

In January, UBS gave a Buy rating to Ardagh Metal Packaging (NYSE:AMBP) along with several other packaging stocks. Here’s what UBS said about its bullish thesis on the sector:

“We are generally bullish on the packaging space as we expect positive volume leverage to become apparent over 2024. Most investors have underestimated the sizeable aggregate impact of destocking, SKU rationalization, and magnitude/duration impact from elasticity sticker shock in 2023 that resulted in volume pressures worse than seen during the Global Financial Crisis,” UBS analyst Curt Woodworth said.