0030 GMT - Morgan Stanley analysts see potential for Macquarie shares to rerate over time as management improves operating leverage and return-on-equity. The MS analysts keep an equal-weight rating on the stock, but tell clients in a note that they can see progress on both fronts. With headcount down and an increased focus on costs and automation, they think that the Australian investment bank's operating leverage could surprise to the upside as revenues recover. They think reckon that the asset-management arm's efforts to lift returns and growth are key to improving group return-on-equity. MS raises its target price 4.2% to A$199.00. Shares are up 2.9% at A$209.16. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 11, 2025 20:30 ET (00:30 GMT)
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