Morningstar adds A2 Milk to top 10 stock picks across Australia, NZ

Wed, 03 Oct 2018

By Paul McBeth Oct. 3 (BusinessDesk) - Morningstar Research has added A2 Milk Co to its 10 best stock ideas for Australia and New Zealand as the recent drop in share price created an attractive discount for a strong growth story. The research house rates A2 a stock to 'accumulate' with a fair value estimate of $14.60. The shares are currently trading at a 22 percent discount to that estimate, at $11.44. A2 has dropped about 8.6 percent since chief executive Jayne Hrdlicka disclosed a share sale in late September, for which she attracted...

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