The Latest Breaking News from Amcor PLC

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Truist analyst Michael Roxland initiated coverage of Amcor PLC (NYSE: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…

Amcor PLC (NYSE:AMCR) has launched a new platform of paper-based packaging products called AmFiber. AmFiber aims to redefine the capabilities of traditional paper packaging, providing a wider range of features and functional benefits. The first AmFiber product launch in 2022 will provide snacks and confectionery customers in Europe with a widely recyclable package,…

Amcor PLC (NYSE:AMCR) has made a $5 million strategic investment in an ultra-low-cost flexible electronics company, PragmatIC Semiconductor. Amcor's investment was part of the Series C funding round of more than $90 million for PragmatIC Semiconductor. PragmatIC's ConnectIC family of radio frequency identification and near-field communications (RFID/NFC) integrated chips can be embedded into the packaging…