Bellamy’s share price

What are your thoughts on Bellamy’s share price? It’s had a great run over the last 12 months.

A: Sure has. Bellamy’s (BAL) has been an outstanding performer.

I note that Morgans recently lifted its target price from $8.70 to $13.90 – apart from that, can’t find anything else responsible for its latest run up.

While I would be inclined to take a little off the table, it might just be one of those stocks that you hang onto for the ride.


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