MM called CBA above $100 many moons ago and finally after plenty of volatility our target is coming into view, plus of course Australia’s largest listed company has paid out some extremely attractive fully franked dividends along the journey. A decent rest felt overdue but yesterday’s pop to fresh multi-year highs might have shaken off the recent tired feeling and with a solid economy plus a yield way ahead of term deposits we see no reason that our target cannot be achieved in the next 6-12 months.
MM remains bullish CBA targeting a break above $100 in 2021/22
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