The junior player out of the group is still a $3.6bn business today which as a stock has a very similar look and feel to its sector peers. The stock is priced more for relative growth trading on a P/E for 2023 of 13.6x while “only” being forecast to yield 3.2% over the coming 12 months.
- We like CIA into Christmas with another test of $8 not out of the question.
MM is mildly bullish towards CIA short-term
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