Infant-formula maker Bubs Australia's latest boardroom changes unnerve Ord Minnett. In late July, Bubs Australia removed its CEO who led the company's turnaround in FY25. Now, Bubs Australia said Chair Katrina Rathie has resigned. "While both Chair and CEO replacements are well credentialed and positive for the future of Bubs Australia, we find the current board and management turbulence unsettling from a governance perspective," analyst John Lawlor says. Ord Minnett downgrades the stock to "accumulate," from "buy," and lowers its price target by 10%, to A$10.18/share. Bubs Australia ended Monday at A$0.155. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 15, 2025 18:55 ET (22:55 GMT)
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