Amcor upgraded to Buy from Underperform at BofA

BofA upgraded Amcor (AMCR) to Buy from Underperform with an unchanged price target of $12.50. The pending merger with Berry (BERY) is “interesting” and the firm’s $12.50 target implies total return potential of 28%, the analyst tells investors. The firm is expecting more relative return and catalysts, the analyst added.