Merrill Lynch: CSR Ltd (CSR) Recommendation

Submitted by Craig Strzelecki on Thu, 04/05/2006 - 09:47.

Merrill Lynch has upgraded the rating for CSR Ltd (CSR) stock as Buy moving from Neutral, Medium Risk on forecasting profit in FY07 of $292m, above the consensus of $256m. Merrill Lynch have upgraded their rating as it expects earnings momentum and upgrades will continue to exceed expectations. Merrill Lynch has a stock price valuation for CSR of $3.87. CSR Ltd is listed on the Australian Stock Exchange (ASX) under stock code CSR. Check your charts.

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