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CSL - UBS rates the stock as Buy
BY BROKER NEWS - 12/07/2017 | VIEW MORE BROKER UPDATES

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CSL - CSL LIMITED


There appears to be some confusion about the real rate of growth in the US plasma market, with UBS analysts pointing out there is very little plasma available on spot market with contracted volumes fully allocated.

In addition, the analysts note Shire in the USA has communicated it will pursue a less capital intense 'brand & price' strategy, rather than resume a volume based plasma strategy. This, the analysts point out, translates into long term structural advantage to the likes of CSL and Grifols.

All in all, it appears "tight supply, modest price gains" best summarises the situation for plasma fractionating at the moment. Buy rating and $145 price target retained.

Sector: Pharmaceuticals & Biotechnology.

Target price is $145.00.Current Price is $132.46. Difference: $12.54 - (brackets indicate current price is over target). If CSL meets the UBS target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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