Amcor plc (AMCR) Could Boost Volumes and Margins by 100 Basis Points, Says Jefferies

Amcor plc (NYSE:AMCR) ranks among the best fast growth stocks to buy now. With a price target of $11.67, Jefferies reiterated its Buy rating on Amcor plc (NYSE:AMCR) on September 10. According to the firm, Amcor’s primary categories climbed by low single digits, despite the fact that attitude toward the packaging company has been strained by lower volumes in North America.

According to Jefferies, Amcor plc (NYSE:AMCR) could raise volumes and margins by 100 basis points as it sells off non-core businesses. Additionally the firm stated that Amcor’s synergies should aid the company in navigating the current market climate.

Amcor plc (NYSE:AMCR) is a holding company that offers consumer packing services. Its operations comprise of the Flexibles and Rigid Packaging segments. Rigid Packaging produces rigid plastic containers and other items for worldwide distribution, whereas Flexibles oversees the creation and distribution of flexible packaging.

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Disclosure: None. This article is originally published at Insider Monkey.