Yep good week last week and this week excepting my holding was only half the size this week ,ended up with the same avg sale price of $16.75 for both weeks, kiwi dollar weaker today so the price up in comparison.
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DOW showing 26104 currently up 190 points from this mornings ..........
Weekly Reports | Feb 17 2020
Upgraded
THE A2 MILK COMPANY LIMITED ((A2M)) Upgrade to Buy from Sell by Citi .B/H/S: 3/2/1
Citi has decided it's time for a double-whammy upgrade; to Buy from Sell. The move is explained by the fact Citi analysts now see upside to forecasts for H2 on the back of the coronavirus outbreak. They note their ebitda forecast for FY20 sits 17% above market consensus presently.
Evidence, albeit anecdotal, that consumers have begun stockpiling essential items, including infant formula, underpins Citi's positive view. While this essentially pulls forward future sales, the analysts are not deterred and anticipate positive impact short-term.
Target price jumps 18% to $17.45 on increased forecasts.
A2 Milk Company Ltd (ASX: A2M)
According to a note out of UBS, its analysts have retained their buy rating and lifted the price target on this infant formula company's shares to NZ$18.50 (A$17.69). The broker was impressed with a2 Milk Company's half year results, which came in a head of its expectations. It was also pleased to see stronger than forecast margins, despite the U.S. fresh milk business posting a larger than expected loss. I agree with UBS and would be a buyer of a2 Milk Company's shares.