Citi Maintains Buy Rating on Amcor (AMCR)

On May 8, 2026, Citi lowered the firm’s terms people connected Amcor plc (NYSE:AMCR) to $47 from $54 portion maintaining a Buy standing connected the shares. The steadfast described the company’s fiscal Q3 results arsenic amended than feared.

On May 6, 2026, Amcor plc (NYSE:AMCR) reported fiscal Q3 adjusted EPS of 96c, versus the statement estimation of 95c. Revenue totaled $5.91B, versus the statement estimation of $5.74B. CEO Peter Konieczny said results were successful enactment with expectations and reflected the resilience of the concern arsenic the institution marked the archetypal day of combining bequest Amcor and Berry into One Amcor. Konieczny added that the institution has executed a creaseless integration implicit the past year, established its enactment structure, and continued progressing connected synergy transportation and portfolio optimization efforts. The institution said it continues operating successful a challenging marketplace situation but believes its planetary scale, diversified portfolio, and lawsuit and supplier relationships presumption it well. Management added that Amcor remains focused connected proviso reliability, outgo discipline, and pricing actions aimed astatine offsetting inflationary pressures.

Copyright: stocking / 123RF Stock Photo

Amcor plc (NYSE:AMCR) lowered its FY26 adjusted EPS outlook to $3.98-$4.03 from $4.00-$4.15, versus the statement estimation of $3.91. The institution besides reduced its FY26 escaped currency travel outlook to $1.5B-$1.6B from $1.8B-$1.9B. Amcor said its guidance reflects a afloat 12 months of ownership of the Berry concern and excludes immoderate imaginable interaction from aboriginal portfolio optimization actions. Amcor plc (NYSE:AMCR) besides declared a quarterly currency dividend of 65c per share, compared to 63.75c successful the prior-year quarter.

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

While we admit the imaginable of AMCR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey connected Google News.