CIMIC was a stand out during the recent earnings season with growth coming in well above market consensus, supported by large infrastructure spending.
We expect 2 – 3 years of above trend growth in CIMIC and see the current weakness as an opportunity to accumulate the stock.
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Our buy range is $48.50 to $47.50.
Also keep an eye on any weakness in the share price of Downer EDI, as a buy on the dip opportunity.
CIMIC
