Truist Sees Amcor Approaching 'Fair Valuation' - Read Why - Amcor (NYSE:AMCR)

Truist analyst Michael Roxland initiated coverage of Amcor PLC AMCR with a Hold rating and $12 price target, implying a 6% upside.
Roxland noted the shares of the packaging company are approaching fair valuation.
Roxland noted with caution that the company is exploring options for its Russian business after the country’s Ukraine invasion forced it to close its Kharkiv factory.
The company currently has three factories in Russia.
Price Action: AMCR shares closed higher by 0.53% at $11.28 on Thursday.