Ann: CSR Limited Announcement of buy-back - Appendix 3C, page-36

Deutsche has just upgraded target today to $4.09. Hopefully more coverage to come and we see it around $4 soon.

"FY16 results were stronger than Deutsche Bank expected, largely from a better performance in aluminium. Management suggests there is at least 12-18 months of work in the building pipeline.
Deutsche Bank also notes that price increases in excess of cost inflation are expected to be achieved in FY17 and, hence, expects building product earnings margins will expand to 13% from 11.5% in FY16.
Deutsche Bank reiterates a Buy rating and raises the target to $4.09 from $4.04.
Target price is $4.09 Current Price is $3.65 Difference: $0.44
If CSR meets the Deutsche Bank target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $3.58, suggesting upside of 0.6%(ex-dividends)
The company's fiscal year ends in March."