Jarden downgrades A2 Milk to underweight from neutral

Jarden analysts say key risks to A2 Milk include China macro issues, competition and the execution of its own manufacturing transition. (Image: Getty)

Rebecca Howard

Wed, 15 Oct 2025

Jarden analysts have downgraded the A2 Milk Company to underweight from neutral, arguing its more definable future growth products – including supply chain benefits – are well priced in at current levels.“On P/E multiple, current pricing also looks stretched, factoring in strong near-term growth as permanent. Key risks: China macro issues, competition and execution of own manufacture transition,” the analysts said.“Whilst we acknowledge ATM has returned to positive momentum and upgrade mode, the pace of growth and...

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