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AMC - Macquarie rates as Outperform
BY BROKER NEWS - 11/09/2017 | VIEW MORE BROKER UPDATES

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AMC - AMCOR LIMITED


The company has noted press speculation regarding the potential acquisition of Bemis, stating it regularly reviews opportunities.

An acquisition makes sense to Macquarie as Bemis is the biggest player in US flexibles and the company intends to increase its market share is this segment.

This is a large acquisition and if a deal eventuated it would require a large equity raising, the broker notes.

Target is $17.49. Outperform.

Sector: Materials.

Target price is $17.49.Current Price is $15.40. Difference: $2.09 - (brackets indicate current price is over target). If AMC meets the Macquarie target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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