** Analysts at J.P. Morgan lift price target on Australia's Macquarie Group to A$195 from A$190
** Brokerage notes improvement in open interest and flows for global commodity markets might aid earnings for the financial conglomerate
** Assumes recovery in FY24 return on equity to 15%
** Says Macquarie stock is trading cheaper as compared to major banks; maintains 'overweight'
** We do see some risk to FY25 outlook commentary - JPM
** Brokerage sits 4% above consensus for FY26 earnings for MQG
** Stock has risen 2.1% this year as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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