Wells Fargo Downgrades Amcor (AMCR) to Equal Weight with a $43 Price Target

Amcor plc (NYSE:AMCR) is one of the 7 Heavily-Battered Consumer Stocks That Could Triple by 2027.

On March 20, 2026, Wells Fargo downgraded Amcor plc (NYSE:AMCR) to Equal Weight from Overweight and lowered its price target to $43 from $48. Wells Fargo said the share price reaction tied to the Iran conflict has been “disproportionate” across the packaging sector and noted a preference for companies with low leverage, high U.S. concentration, and “defensive” production exposures. Wells Fargo also adjusted ratings across the group.

Last month, Amcor plc (NYSE:AMCR) reported Q2 adjusted EPS of 86c, above the 84c consensus estimate, while revenue came in at $5.449B compared with the $5.52B consensus. CEO Peter Konieczny said performance was “in line with expectations” despite a challenging volume environment, pointing to adjusted EPS growth supported by disciplined execution and synergy benefits from the Berry acquisition. Konieczny added that the first-half performance supports confidence in reaffirming fiscal 2026 earnings and free cash flow guidance, while portfolio optimization efforts continue.

Wells Fargo Downgrades Amcor (AMCR) to Equal Weight with a $43 Price Target

Amcor plc (NYSE:AMCR) sees FY26 adjusted EPS of $4.00-$4.15 versus the $4.02 consensus and expects free cash flow of $1.8B to $1.9B.

Amcor plc (NYSE:AMCR) produces and sells packaging products across global markets through its Global Flexible Packaging Solutions and Global Rigid Packaging Solutions segments.

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