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