Wells Fargo Initiates Coverage On Amcor with Equal-Weight Rating, Announces Price Target of $9.8
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Amcor (NYSE:AMCR) with an Equal-Weight rating and set a price target of $9.8.

June 28, 2024 | 2:32 pm
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Wells Fargo has initiated coverage on Amcor with an Equal-Weight rating and set a price target of $9.8.
The Equal-Weight rating suggests that Wells Fargo sees Amcor's stock performing in line with the market. The price target of $9.8 provides a specific valuation benchmark. This news is moderately important as it provides new analyst insight but does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100