Amcor plc (NYSE:AMCR) is among the top 8 paper and plastic packaging stocks recommended by hedge funds. Analyst Ghansham Panjabi raised the target price to $54 with a 12% upside, citing positive fourth-quarter results and an Outperform rating.

Michael Roxland of Truist Financial also maintained a Buy rating on Amcor plc (NYSE:AMCR) with a target price of $60, reflecting on the company’s fourth-quarter results and $55 million in synergies. Expectations are high for $70 to $80 million in synergies in the next quarter.

Amcor plc (NYSE:AMCR) manufactures and sells packaging products for various industries like food, beverages, pharmaceuticals, and personal care. The company offers flexible and rigid packaging solutions, containers, closures, and pharma devices for food and beverage applications.

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Read more at Yahoo Finance: Here is Why Amcor (AMCR) is Highly Favored by Hedge Funds