Wells Fargo Rates Amcor Overweight After Berry Global Merger, Sees Synergy-Driven Growth

Amcor Plc (NYSE:AMCR) has been rated Overweight by Wells Fargo with a $10 price target. The recent merger with Berry Global has created a global packaging powerhouse with unmatched scale and innovation leadership. Wells Fargo expects earnings growth to be driven by synergies over the next two years and higher free cash flow to offer long-term flexibility for potential acquisitions or shareholder returns.