Macquarie has upgraded guidance for the year and Deutsche Bank points out it’s because of one transaction, which is seen as a one-off. The analysts do acknowledge this is part of the business model.
Earnings estimates have been lifted by 3%, while Hold rating and $115 price target have been left untouched.
Sector: Diversified Financials.
Target price is $115.00.Current Price is $119.00. Difference: ($4.00) – (brackets indicate current price is over target). If MQG meets the Deutsche Bank target it will return approximately -3% (excluding dividends, fees and charges – negative figures indicate an expected loss).