Credit Suisse upgrades to Neutral from Underperform and assesses the market is now more realistic about diversification outcomes.
The broker would like more visibility on the impact of the A2 negotiations and the margin that can be extracted in the long term. The legal risk around Pokeno also needs to be resolved.
Target is raised to NZ$8.84 from NZ$8.50.
Sector: Food, Beverage & Tobacco.
Current Price is $7.70. Target price not assessed.
