Headlines
- Goldman Sachs Updates: A2 Milk Faces Pricing Instability, Breville Set for Strong Performance, Treasury Wine on Track for Expected Results
- FY 2024 Forecasts: Goldman Sachs’ Views on A2 Milk, Breville, and Treasury Wine Shares
- Goldman Sachs Insights: A2 Milk’s Mixed Outlook, Breville’s Growth Potential, and Treasury Wine’s Performance Expectations
As FY 2024 results approach in August, Goldman Sachs (NYSE:GS) has revised its earnings forecasts for several global consumer stocks. Here’s what they are saying about A2 Milk (ASX:A2M) , Breville (ASX:BRG), and Treasury Wine Estates (ASX:TWE):
A2 Milk Shares(ASX:A2M) Goldman Sachs has a mixed outlook on A2 Milk. While the company is seeing improved birth rates in China, it faces challenges with pricing instability in its Chinese label. Despite this, the launch of A2 Milk's new Gentle Gold product could provide a sales boost. Goldman Sachs has a neutral rating with a NZ$7.20 (A$6.47) price target.
Breville Shares (ASX:BRG) Goldman Sachs is optimistic about Breville, expecting the company to potentially exceed expectations. They predict a 9.3% year-over-year sales increase in the second half of FY 2024, driven by new US retail partnerships and strong performance in certain markets. The broker sees significant growth opportunities due to high barriers to entry and has a buy rating with a $30.00 price target.
Treasury Wine Shares (ASX:TWE) Goldman Sachs anticipates Treasury Wine Estates will deliver results in line with expectations and may even surprise with its guidance. They expect a strong first half of FY 2025 but note potential challenges in the latter half of the year. Goldman Sachs maintains a buy rating with a $14.70 price target.