Expectations for Macquarie Still Look High to Citi Analyst -- Market Talk

Dow Jones

2025/10/20

0042 GMT - Citi analyst Thomas Strong doesn't think investors should get too excited over individual transactions at Macquarie such as its latest data-center divestment. Two Macquarie infrastructure funds and their co-investment partners are selling Aligned Data Centers for US$40 billion. Strong acknowledges that it is tempting to see transactions like this as additive to expectations, but he reckons that consensus forecasts are already too high and need to be met if the stock is to justify its multiple of 20X earnings. Citi has a last-published neutral rating and A$200.00 target price on the stock, which is down 0.2% at A$226.38. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 19, 2025 20:42 ET (00:42 GMT)

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Two Macquarie infrastructure funds and their co-investment partners are selling Aligned Data Centers for US$40 billion. Strong acknowledges that it is tempting to see transactions like this as additive to expectations, but he reckons that consensus forecasts are already too high and need to be met if the stock is to justify its multiple of 20X earnings. Citi has a last-published neutral rating and A$200.00 target price on the stock, which is down 0.2% at A$226.38. 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Two Macquarie infrastructure funds and their co-investment partners are selling Aligned Data Centers for US$40 billion. Strong acknowledges that it is tempting to see transactions like this as additive to expectations, but he reckons that consensus forecasts are already too high and need to be met if the stock is to justify its multiple of 20X earnings. Citi has a last-published neutral rating and A$200.00 target price on the stock, which is down 0.2% at A$226.38. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7046":"综合性资本市场","MQG.AU":"Macquarie","BK7511":"ESG概念","BK4118":"综合性资本市场","MQBKY":"Macquarie Group, Ltd."},"translate_title":"花旗分析师对麦格理的期望仍然很高——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MQG.AU":0.9,"MQBKY":0.9},"content_text":"0042 GMT - Citi analyst Thomas Strong doesn't think investors should get too excited over individual transactions at Macquarie such as its latest data-center divestment. Two Macquarie infrastructure funds and their co-investment partners are selling Aligned Data Centers for US$40 billion. Strong acknowledges that it is tempting to see transactions like this as additive to expectations, but he reckons that consensus forecasts are already too high and need to be met if the stock is to justify its multiple of 20X earnings. Citi has a last-published neutral rating and A$200.00 target price on the stock, which is down 0.2% at A$226.38. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 19, 2025 20:42 ET (00:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}