Here is Why Amcor (AMCR) is Highly Favored by Hedge Funds

Core Insights - Amcor plc (NYSE:AMCR) is recognized as one of the top paper and plastic packaging stocks to invest in according to hedge funds [1] - Analysts have raised target prices for Amcor, indicating a positive outlook for the stock [2][3] Analyst Ratings - Ghansham Panjabi from Baird increased the target price for Amcor from $50 to $54, suggesting a 12% upside potential and maintaining an Outperform rating [1] - Michael Roxland of Truist Financial also kept a Buy rating with a target price of $60, indicating a potential upside of nearly 25% for investors [2] Financial Performance - The fourth-quarter results revealed synergies of $55 million, attributed to G&A headcount reductions and procurement efficiencies, aligning with the upper end of management's guidance [3] - Expectations for the upcoming quarter include synergies of approximately $70 to $80 million [3] Company Overview - Amcor plc manufactures and sells packaging products through its Global Flexible Packaging Solutions and Global Rigid Packaging Solutions segments [4] - The company produces packaging materials for various sectors, including food, beverages, pharmaceuticals, and personal care, as well as rigid packaging containers and devices for the food and beverage industries [4]