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)
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