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).