11:04 AM EDT, 09/23/2025 (MT Newswires) -- Amcor ( AMCCF ) is expected to face pressure due to declining packaging demand and lower-than-expected synergies from its acquisition of Berry Global, RBC Capital Markets said in a Tuesday report.

RBC analysts initiated coverage on Amcor ( AMCCF ) with a sector perform rating and a price target of 13.60 Australian dollars ($9 per share), implying about 8% upside from current levels.

The firm expects earnings in fiscal 2026 and 2027 to come in 5% to 6% below consensus, citing weaker packaging volumes and lower-than-anticipated synergy benefits. Consumer packaged goods customers are prioritizing "value over volume," with demand pressures stretching across North America, Europe and Asia, RBC said.

Amcor's ( AMCCF ) debt load has climbed following its $15.6 billion deal for Berry, leaving the company with $13.3 billion in net debt and leverage of roughly 3.5 times and it also faces the challenge of refinancing $3.2 billion of debt in 2026. Planned asset sales are expected to be slower to complete and have a "modest" impact on leverage, the report said.

Price: 8.24, Change: -0.02, Percent Change: -0.18