Macquarie's FY 2025 Consensus Profit Numbers Look Achievable -- Market Talk

Dow Jones05-06

0510 GMT - Macquarie's investment case continues to hinge around asset realizations, capital deployment and performance fees in its asset management unit, says UBS analyst John Storey in a note. Also of importance is the sustainability of profits within its commodities and global markets business, as well as improvements in capital market activity in Macquarie Capital, he adds. Visible Alpha net profit consensus numbers for FY 2025 look achievable in the context of the 2H FY 2024 result. UBS stays neutral-rated on Macquarie, but raises its target price by 8.1% to A$200.00. Macquarie last up 1.1% at A$185.91. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

May 06, 2024 01:10 ET (05:10 GMT)

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Also ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433902492","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433902492","pubTimestamp":1714972200,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0510 GMT - Macquarie's investment case continues to hinge around asset realizations, capital deployment and performance fees in its asset management unit, says UBS analyst John Storey in a note. 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