CBA needs growth to justify $119 price tag, says Fidelity
Joanne TranMarkets reporter
Casey McLean is portfolio manager of Fidelity’s Australian Opportunities Fund from Sydney. The firm oversees around $US776.2 billion ($1.18 trillion) globally.
Commonwealth Bank is trading at around $119 on the ASX, are you concerned that the stock is overvalued?
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
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