Wells Fargo Maintains Equal Weight Rating on Amcor (AMCR)

Amcor plc (NYSE:AMCR) is one of the

12 Most Undervalued Stocks to Invest In.

On May 20, 2026, Wells Fargo lowered the firm’s price target on Amcor plc (NYSE:AMCR) to $41 from $43 and maintained an Equal Weight rating on the shares. Wells Fargo said it traveled with Amcor’s top leaders to visit investors, with key focus areas including synergy capture, balance sheet deleveraging, and the company’s ability to use its global scale to mitigate Middle East impacts. The firm said risk/reward tilts slightly favorable, but low volume visibility keeps it on the sidelines.

On May 8, 2026, Citi lowered the firm’s price target on Amcor plc (NYSE:AMCR) to $47 from $54 and maintained a Buy rating on the shares. Citi described the company’s fiscal Q3 report as “better-than-feared.”Wells Fargo Maintains Equal Weight Rating on Amcor (AMCR)

Earlier in May, Amcor plc (NYSE:AMCR) reported fiscal Q3 adjusted EPS of 96c, ahead of the consensus estimate of 95c. Revenue totaled $5.91B, above the consensus estimate of $5.74B. CEO Peter Konieczny said third-quarter results were in line with expectations and reflected the “resilience” of the business as Amcor marked the first anniversary of bringing legacy Amcor and Berry together as One Amcor. Konieczny also cited progress on integration, synergy delivery, and portfolio optimization, while noting that Amcor remains focused on supply reliability, cost management, pricing, and customer support.

Amcor plc (NYSE:AMCR) produces and sells packaging products across Europe, North America, Latin America, and the Asia Pacific.

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