Jefferies Initiates “Buy” on Amcor (AMCR), Sets Price Target at $12 on Strong Market Position

Amcor PLC (NYSE:AMCR) is one of the top 10 materials stocks to buy according to analysts. On July 2, 2025, Jefferies Financial Group initiated coverage on Amcor with a “Buy” rating and set a price target of $12.00. Jefferies cited a “compelling risk-reward” profile for the global packaging company.

Jefferies Initiates “Buy” on Amcor (AMCR), Sets Price Target at $12 on Strong Market Position

A manufacturer packaging eyecare products in a factory.

The firm highlighted “good earnings momentum from Berry Plastics (BERY) synergies,” stemming from Amcor’s acquisition of Berry Global on April 30, 2025. Jefferies expects these “synergies” to enhance earnings growth. The firm also emphasized Amcor’s potential to improve volumes by reorienting its portfolio and divesting non-core assets that previously hindered growth performance. It noted that “strategic mergers and acquisitions represent a meaningful driver for value creation in the packaging sector,” particularly as the sector typically experiences low organic growth. Jefferies views Amcor’s merger with Berry Global favorably due to its timely execution, reasonable acquisition price, and potential for smooth integration.

Despite its strong market position and positive operational trends, Jefferies finds Amcor’s current valuation attractive, suggesting it is trading at a discount. They believe the stock is currently “undervalued.”

Amcor PLC (NYSE:AMCR), headquartered in Zurich, Switzerland, provides responsible packaging solutions for food, beverage, pharmaceutical, and personal care products. Operating across over 40 countries, it offers flexible and rigid packaging formats through brands like AmLite and AmPrima. The company stands out in the materials space for its scale, innovation in sustainable packaging, and strategic acquisitions, which have expanded its market reach and enhanced its earnings potential.

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