CSL
Does MM consider CSL a buy at $274? Chris G.
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Answer
Hi Chris,
MM is no longer particularly bearish CSL as we were through 2020 but our real feel at current levels is neutral, the stocks trading on ~35% premium to the ASX and with growth becoming harder by the year this might still be on the rich side. Ideally MM would like to accumulate CSL under $260, only 5% lower. This is undoubtedly a quality business where entry price is the main consideration at present.
MM is neutral CSL.
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