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Amcor plc (NYSE:AMCR) is included among the 10 Best Dividend Stocks Under $10 to Invest in.
Amcor plc (NYSE:AMCR) produces and markets a broad range of packaging products through its flexible and rigid packaging divisions. Its offerings, including polymer resin, aluminum, and fiber-based packaging, serve sectors such as food and beverage, healthcare, personal care, and others.
On October 15, Wells Fargo reduced its price target for Amcor plc (NYSE:AMCR) from $11 to $9 while maintaining an Overweight rating on the stock. The firm highlighted that packaging stocks have generally underperformed the broader market in the third quarter due to weaker volumes, and while most companies are performing well, Wells Fargo does not see an immediate turnaround.
Amcor plc (NYSE:AMCR) remains a reliable dividend payer, having increased its dividend for 41 consecutive years. The company currently offers a quarterly dividend of $0.1275 per share and has a dividend yield of 6.11%, as of October 28.
While we acknowledge the potential of AMCR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Best Retirement Portfolio for a 60-year-old and 10 Best Rising Dividend Stocks to Buy Now
Disclosure: None.
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