B of A Securities Downgrades Amcor to Underperform, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst George Staphos has downgraded Amcor (NYSE:AMCR) from Buy to Underperform and lowered the price target from $12.4 to $9.
July 10, 2023 | 11:35 am
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NEGATIVE IMPACT
Amcor's rating has been downgraded to Underperform from Buy by B of A Securities, with a reduced price target of $9, down from $12.4.
The downgrade from Buy to Underperform by a major analyst like George Staphos of B of A Securities is a negative signal for the stock. The lowering of the price target from $12.4 to $9 further indicates a bearish outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100