Credit Suisse reviews the opportunity for Amcor from European protein packaging (meat, cheese and fish). The analyst concludes if the company were extremely successful and market share were doubled in 3-4 years, organic growth guidance could be exceeded.
The broker makes no changes to its forecasts, Neutral rating or $17.20 target price.
Sector: Materials.
Target price is $17.20.Current Price is $16.80. Difference: $0.40 – (brackets indicate current price is over target). If AMC meets the Credit Suisse target it will return approximately 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
