Has CSR found support?

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Question asked 23/07/2021

Has CSR found support?

Hi,

James and the team, thanks for the good work! Just resubscribed for 2 years more. Can I get your thoughts on CSR for the reflation trade? It has fallen and looks like it’s found support.

Thanks

Kim

Answer

Hi Kim,

Building products business CSR has recently corrected 20% from its May high, in a very similar manner to a number of our major material stocks. MM likes the stock and sector at current levels, in line with our reflation outlook you mentioned in the question, our target is fresh highs in the $6.50-$7 region. We’re bullish!

chart

CSR Ltd (CSR)

LAST UPDATED 23/07/2021 16:43

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