MS lifts PT on Synlait Milk on quicker-than-estimated turnaround, shares rise

Synlait Milk

09/03/2025 22:36

** Shares of New Zealand's Synlait Milk SML.NZ gain 2.2% to NZ$0.92

** Analysts at Bell Potter raise PT on the infant formula maker's Australia shares to A$0.90 from A$0.425; keep stock rating at "hold"

** Brokerage says turnaround at Synlait Milk has been faster than it had expected

** However, Bell Potter remains cognisant of the potential of peer A2 Milk ATM.NZ to vertically integrate into supply chain assets through 2025

** Says A2's impact would likely be detrimental to Synlait's advanced nutrition business in coming years

** A2 Milk shares down 0.5%

** Synlait up over 100% YTD

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Lisa Shumaker)

 ((Rishav.Chatterjee@thomsonreuters.com;))