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Question asked 22/02/2021

CSL

Does MM consider CSL a buy at $274? Chris G.

Answer

Hi Chris,

MM is no longer particularly bearish CSL as we were through 2020 but our real feel at current levels is neutral, the stocks trading on ~35% premium to the ASX and with growth becoming harder by the year this might still be on the rich side. Ideally MM would like to accumulate CSL under $260, only 5% lower. This is undoubtedly a quality business where entry price is the main consideration at present.

CSL

MM is neutral CSL.

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CSL Ltd (CSL)

LAST UPDATED 22/02/2021 09:08

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