AMC – Deutsche Bank rates the stock as Buy

By Broker News | More Articles by Broker News

The combination Amcor-Bemis has started selling off non-core assets and Deutsche Bank analysts suggest with the proceeds from these divestments management could announce a share buyback of up to US$1bn as early as the full year result in August.

In addition, the analysts believe there is upside surprise potential from merger synergies. Deutsche Bank retains the $19 price target alongside its Buy recommendation, while projecting 3 year EPS CAGR of 11%.

Sector: Materials.

Target price is $19.00.Current Price is $15.78. Difference: $3.22 – (brackets indicate current price is over target). If AMC meets the Deutsche Bank target it will return approximately 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →