In the good books
BLACKMORES LIMITED (BKL) Upgrade to Outperform from Neutral by Credit Suisse B/H/S: 2/1/0
The company has reported 28% growth in its China "direct" channel and is confident about brand health and sales activity emanating from China. Credit Suisse upgrades expectations for growth in direct sales to China to 25% from 10%. The change in view results in an upgrade to earnings for FY19-23 of 8-17%. The broker abandons its DCF valuation, upgrades to Outperform from Neutral and raises the target to $150 from $95.