The CSL Ltd (ASX: CSL) share price has staged an extraordinary recovery over the past few months.
After dropping to around $90 in June, the healthcare giant is trading at around $171.57 on Tuesday.
That is a huge change in a short period. But with the CSL share price still comfortably short of its highs, could there be another leg higher?
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The easy gains may be behind us
When the CSL share price was trading around $90, I thought the valuation looked exceptionally cheap for a company with its global healthcare operations and long-term growth potential.
Investors were pricing in plenty of disappointment following weaker guidance, restructuring, and uncertainty around the earnings…
