A2 Milk Company price target lowered to NZ$7.05 from NZ$7.30 at UBS

UBS lowered the firm’s price target on A2 Milk Company to NZ$7.05 from NZ$7.30 and keeps a Buy rating on the shares. The firm says investors should gain comfort from A2M lifting its FY24 sales growth guidance against the backdrop of a challenging China infant formula market.