BUZZ-Jefferies cuts PT for Australia's Macquarie Technology; sees impact from economic uncertainty
Reuters
May 06
BUZZ-Jefferies cuts PT for Australia's <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> Technology; sees impact from economic uncertainty
** Jefferies cuts its price target for shares of Macquarie Technology MAQ.AX to A$65.80 from A$79.10
** Brokerage sees economic uncertainty, vendor price increases to impact the data centre co's Cloud Services & Government division until fiscal 2027
** Also flags co's low spare capacity left to sell across its data centre portfolio
** Jefferies retains "hold" on shares
** 5 of 7 analysts rate the stock "buy", 2 "hold"; their median PT is A$95 – LSEG data
** Shares of co down 1% at A$60.72 in previous session, down 31.2% YTD
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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