A2 Milk (ASX:A2M) upgraded to a buy

13Apr

A2 Milk (ASX:A2M) upgraded to a buy

 

Bell Porter has rated the a2 Milk Company as a buy, taking into consideration the company’s increase in exported instant milk formula to China.

The dairy producer’s records show that infill levels are showing a tendency to fall, following 2 straight months of increasing volumes of baby formula to the Chinese market. Bell Porter has reflected stronger confidence in the milk business by lifting A2M’s valuation from $8.65 to $9.50.

Shares in the a2 Milk Company (ASX:A2M) are trading 3.67 per cent higher at $8.20
Copyright 2021 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

17Mar

5GN (ASX:5GN) set for $3 million Intergrid deal

17 Mar 2021 - 5GN (ASX:5GN) has entered into an agreement to acquire 100 per cent of Intergrid Group Pty Ltd, a leading dedicated cloud provider.

Read More
06Aug

30 Lovisa (ASX:LOV) stores close across Melbourne

06 Aug 2020 - As a result of the Victorian government decision to move to Stage 4 restrictions in metropolitan Melbourne for a period of 6 weeks in response to the Covid-19 situation, 30 Lovisa (ASX:LOV) stores across Melbourne will temporarily close.

Read More
10Jan

Stocks of the Hour: Turaco Gold, Calidus Resources, Leaf Resources

10 Jan 2023 - A snapshot of the stocks on the move, featuring Turaco Gold, Calidus Resources and Leaf Resources.

Read More
24May

Stocks of the Hour: Adherium, Nanoveu, Nimy Resources

24 May 2024 - A snapshot of the stocks on the move, featuring Adherium (ASX:ADR), Nanoveu (ASX:NVU) and Nimy Resources (ASX:NIM).

Read More
25Nov

The Afterpay Touch Group (ASX:APT) shares on the rise on final audit

25 Nov 2019 - The Afterpay Touch Group (ASX:APT) confirms that the Final Audit Report from external independent auditor Neil Jeans been received and provided to AUSTRAC in accordance with the AUSTRAC Notice.

Read More
23Dec

Elanor Commercial Property Fund (ASX:ECF) buys a Canberra office building

23 Dec 2019 - Elanor Commercial Property Fund (ASX:ECF) has bought a large office building in Canberra, Australian Capital Territory, for $71.5 million.

Read More
29Sep

Stocks of the Hour: Castle Minerals, Global Lithium Resources, Evolution Energy, Raiden Resources

29 Sep 2022 - A snapshot of the stocks on the move featuring Castle Minerals (ASX:CDT), Global Lithium Resources (ASX:GL1), Evolution Energy Minerals (ASX:EV1) and Raiden Resources (ASX:RDN).

Read More
02Mar

CIMIC Groups’ (ASX:CIM) CPB Contractors selected for SA projects

02 Mar 2020 - CIMIC Group (ASX:CIM) company CPB Contractors has been selected by the South Australian Government to deliver three important projects under the Port Wakefield to Port Augusta Regional Projects Alliance (RPA).

Read More
04Dec

Westgold Resources (ASX:WGX) completes Castile demerger

04 Dec 2019 - Westgold Resources (ASX:WGX) has completed its demerger of Castile Resources.

Read More
05Sep

QMS Media completes acquisition of TLA

06 Sep 2019 - QMS Media (ASX:QMS) has completed the acquisition of TLA Worldwide Australia.

Read More