buy csr now, ask questions later

Today I've read research by a Comsec analyst on CSR. While it was prepared back in Feb this year, it still makes sense. The only problem is it recommended CSR as a "buy" at $1.61 with a 12 months target of $1.80. Less 43c capital return, and after consolidation, this would be $3.54 and a target of $4.11. The current share price is $3.26! With low gearing, strong reconstruction demands of Qld and NZ,significantly increased aluminium prices, further capital management possibilities, 7% Dividend, it seems a no brainer. What do you think? I have bought some today!