2217 GMT - The a2 Milk Company's bull at Citi is even more positive on the infant-formula manufacturer's local-label prospects in China following a visit to the country. Analyst Sam Teeger tells clients in a note that manufacturing dates on tins are relatively more recent than those he saw a year ago, which he takes as a sign of underlying product sell-through. He acknowledges that he only visited 10 supermarkets and baby stores, but says that this evidence is consistent with recent port data. Citi has a buy rating and A$7.33 target price on the stock, which is at A$5.78 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 17:17 ET (22:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。