0430 GMT - Macquarie's full-year result announcement is likely to prompt further downgrades to market expectations for the Australian financial giant, UBS analysts warn. They tell clients in a note that it remains difficult to forecast Macquarie's results, but that they anticipate a 2.4% drop in annual net profit when the company reports next week. They think that the investment case partly hinges on asset realizations, which are lacking. However, they go into the result with a neutral rating on the stock following its tariff-driven declines of recent weeks. UBS has a target price of A$235.00 on the stock, which is down 1.3% at A$191.87. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 00:30 ET (04:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。