Amcor offers 7% dividend yield with 28% upside potential amid volume recovery and synergy gains.

Amcor's shares have declined nearly 9% in the first half of the year, pushing its dividend yield close to 7%, making it an attractive investment opportunity. Despite volume declines following its acquisition of Berry, the company expects recovery by 2027 driven by easier comparisons and synergy realization. Amcor's free cash flow remains strong with guidance for $1.5–$1.6 billion in 2027 and potential double-digit earnings growth. Analysts see nearly 28% upside to a $49 share price target as deleveraging and volume recovery support multiple expansions.