Amcor plc (NYSE:AMCR) is one of the On May 8, 2026, Citi lowered the firm’s price target on Amcor plc (NYSE:AMCR) to $47 from $54 while maintaining a Buy rating on the shares.
The firm described the company’s fiscal Q3 results as better than feared
On May 6, 2026, Amcor plc (NYSE:AMCR) reported fiscal Q3 adjusted EPS of 96c, versus the consensus estimate of 95c. Revenue totaled $5.91B, versus the consensus estimate of $5.74B. CEO Peter Konieczny said results were in line with expectations and reflected the resilience of the business as the company marked the first anniversary of combining legacy Amcor and Berry into One Amcor.
Konieczny added that the company has executed a smooth integration over the past year, established its leadership structure, and continued progressing on synergy delivery and portfolio optimization efforts. The company said it continues operating in a challenging market environment but believes its global scale, diversified portfolio, and customer and supplier relationships position it well. Management added that Amcor remains focused on supply reliability, cost discipline, and pricing actions aimed at offsetting inflationary pressures.