Forbar downgrades A2 Milk to ‘underperform’ on elevated valuation
The company is trading at a record-high multiple, analysts say.
Forysth Barr analysts have downgraded their rating on A2 Milk to 'underperform' on what they have described as elevated valuation metrics, with the company trading at a record-high multiple.
Last month, the infant formula marketer announced the purchase of Yashili's plant at Pōkeno for $282
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