CNA – Macquarie rates the stock as Downgrade to Underperform

By Broker News | More Articles by Broker News

Revised guidance for the year has been taken badly at Macquarie. Earnings forecasts have been cut and the recommendation pulled back to Underperform. Analysts believe a margin squeeze is underway. In addition, they see the stock as fully valued. Investors can find better growth elsewhere, they argue.

Target price is $50.00.Current Price is $75.00. Difference: ($25.00) – (brackets indicate current price is over target). If CNA meets the Macquarie target it will return approximately -50% (excluding dividends, fees and charges – negative figures indicate an expected loss).

Broker News

About Broker News

FNArena's Australian Broker Call, is your daily news report on the latest recommendation, valuation, forecast and opinions recently published by Stockbrokers.

View more articles by Broker News →