One day doesn’t make a summer but it was encouraging to see BOQ, our recent purchase in the Banking Sector, rally 1.7% to even outstrip CBA as it again made fresh all-time highs. Most of the influential sector still looks good which will probably be required for the ASX to achieve our targets.
- We like BOQ after its 13.5% pullback aided by its forecasted grossed up dividend above 6% pa and relatively cheap valuation compared to its peers.
MM is bullish BOQ targeting 15-20% upside
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