Citi Maintains Buy Rating on Amcor (AMCR)

Amcor plc (NYSE:AMCR) is one of the 10 Best Affordable Stocks to Buy According to Wall Street Analysts.

On May 8, 2026, Citi lowered the firm’s price target on Amcor plc (NYSE:AMCR) to $47 from $54 while maintaining a Buy rating on the shares. The firm described the company’s fiscal Q3 results as better than feared.

On May 6, 2026, Amcor plc (NYSE:AMCR) reported fiscal Q3 adjusted EPS of 96c, versus the consensus estimate of 95c. Revenue totaled $5.91B, versus the consensus estimate of $5.74B. CEO Peter Konieczny said results were in line with expectations and reflected the resilience of the business as the company marked the first anniversary of combining legacy Amcor and Berry into One Amcor. Konieczny added that the company has executed a smooth integration over the past year, established its leadership structure, and continued progressing on synergy delivery and portfolio optimization efforts. The company said it continues operating in a challenging market environment but believes its global scale, diversified portfolio, and customer and supplier relationships position it well. Management added that Amcor remains focused on supply reliability, cost discipline, and pricing actions aimed at offsetting inflationary pressures.

Amcor plc (NYSE:AMCR) lowered its FY26 adjusted EPS outlook to $3.98-$4.03 from $4.00-$4.15, versus the consensus estimate of $3.91. The company also reduced its FY26 free cash flow outlook to $1.5B-$1.6B from $1.8B-$1.9B. Amcor said its guidance reflects a full 12 months of ownership of the Berry business and excludes any potential impact from future portfolio optimization actions. Amcor plc (NYSE:AMCR) also declared a quarterly cash dividend of 65c per share, compared to 63.75c in the prior-year quarter.

Amcor plc (NYSE:AMCR) manufactures and sells packaging products across Europe, North America, Latin America, and the Asia Pacific.

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