MGR caught my attention yesterday soaring 5%, significantly outperforming its peers in the process, there was no specific news perhaps fund managers were simply reacting slowly to last week’s AGM. The stocks looking / feeling good in our opinion and a pop above $3.20 wouldn’t surprise i.e. around 15% higher – this makes the stock attractive to MM when we combine this with a projected 12-month yield of 4.2%.
MM is bullish MGR targeting fresh post COVID highs
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