Australia's CSR up as Morgan Stanley lifts PT to match takeover price
20/05/2024 03:40
** Shares of Australia's CSR CSR.AX rise 0.3% to A$8.93 to
hit highest since April 29
** Analysts at Morgan Stanley lift price target on the
building products maker to A$9 from A$5.60, retains
"equal-weight" rating on stock
** Brokerage says new PT is in-line with the per share offer
under the Sain-Gobain takeover bid
** Building products and aluminium FY24 EBIT were broadly in
line with consensus while property beat expectations - MS
** Stock up 34.9% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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