CSR

CSR has a maintained Hold / Medium Risk recommendation from Australian stockmarket analyst Macquarie Research Equities.

CSR Ltd: Building Products Surprise, Sugar Disappoints

Result Ahead — CSR's underlying result of $192.8m was ahead of our $181.0m estimate. The main areas of difference were a stronger-than-expected result in the property division and a weak result in sugar.

UBS has rated the CSR (CSR) stock as Neutral 2 with a share price target increasing from $3.05 to $4.50 and a valuation of $4.35-$4.60. The change comes after changes to the broker's commodity price forecasts have resulted UBS lifting its earnings estimates for the CSR by 15% in 2007 and more than 30% in 2008. CSR Limited is listed on the Australian Stock Exchange under stock code CSR. Check your charts.

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.