Earlier in the week we saw Boral (BLD) hit a 1-year low following a weak guidance update with heavy rainfall in QLD and NSW, plus escalating fuel prices, weighing on the business’s performance. Following the news, our attention instantly switched to sector peer CSR but the stocks continued to grind higher and we can see a further 10% upside over the coming weeks/months.
MM remains long and bullish CSR targeting ~$6.50
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