CSL (ASX: CSL) gets limelight in CSL. Here’s why

1 min read | January 04, 2024 04:22 AM GMT | By Team Kalkine Media

The new year brings opportunities for investors to consider new portfolio additions, and CSL Limited (ASX: CSL) shares emerge as a highly recommended option.

Overview of Brokers' Positive Ratings on CSL Shares

A substantial number of brokers have issued buy ratings on CSL, projecting substantial upside potential for investors.

Citi's, UBS's, Macquarie's, and Morgans' Price Targets

Several brokers, including Citi, UBS, Macquarie, and Morgans, have issued positive price targets, foreseeing noteworthy potential gains ranging from 14% to 15% EPS compound annual growth rate (CAGR) over the next year.

CSL's Capital Markets Day Insights

Post its capital markets day, CSL's positive outlook resonates with analysts' expectations, showcasing confidence in generating double-digit EPS growth, aligning with consensus forecasts.

Goldman Sachs' Conviction Buy Rating and Projections

Goldman Sachs stands bullish on CSL, anticipating a very optimistic phase for the company, predicting a significant EPS CAGR between FY 2023 and FY 2027.

CSL as a Strong Portfolio Holding in 2024

The consensus among brokerage firms supports CSL as a robust portfolio holding, forecasting positive growth prospects for the year ahead and beyond.


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