NAB Loses Bull on Worries of Inflation Hit to Customers -- Market Talk

Dow Jones

Mar 23

2317 GMT - National Australia Bank loses its bull at Macquarie, which warns of the potential hit to business customers from oil-price linked inflation. Lowering their recommendation to neutral from outperform, Macquarie points out that customers in agriculture and transport are particularly exposed due to rising fuel and fertilizer costs. It flags manufacturing and construction as being vulnerable to higher energy costs and any global trade disruption, adding that disruption to fuel supply could deliver a broad hit. NAB is the Australian lender most exposed to higher-risk sectors, it says. Macquarie cuts its target price by 3.2% to A$45.50/share. Shares are down 2% at A$44.65 early. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 22, 2026 19:17 ET (23:17 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2621742384"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2621742384\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2621742384?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-23 07:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621742384","market":"sg","top_or_hot":-1,"title":"NAB Loses Bull on Worries of Inflation Hit to Customers -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2317 GMT - <a href=\"https://laohu8.com/S/NAB.AU\">National Australia Bank</a> loses its bull at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>, which warns of the potential hit to business customers from oil-price linked inflation. Lowering their recommendation to neutral from outperform, Macquarie points out that customers in agriculture and transport are particularly exposed due to rising fuel and fertilizer costs. It flags manufacturing and construction as being vulnerable to higher energy costs and any global trade disruption, adding that disruption to fuel supply could deliver a broad hit. NAB is the Australian lender most exposed to higher-risk sectors, it says. Macquarie cuts its target price by 3.2% to A$45.50/share. Shares are down 2% at A$44.65 early. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2026 19:17 ET (23:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NAB Loses Bull on Worries of Inflation Hit to Customers -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNAB Loses Bull on Worries of Inflation Hit to Customers -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-23 07:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2317 GMT - <a href=\"https://laohu8.com/S/NAB.AU\">National Australia Bank</a> loses its bull at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>, which warns of the potential hit to business customers from oil-price linked inflation. Lowering their recommendation to neutral from outperform, Macquarie points out that customers in agriculture and transport are particularly exposed due to rising fuel and fertilizer costs. It flags manufacturing and construction as being vulnerable to higher energy costs and any global trade disruption, adding that disruption to fuel supply could deliver a broad hit. NAB is the Australian lender most exposed to higher-risk sectors, it says. Macquarie cuts its target price by 3.2% to A$45.50/share. Shares are down 2% at A$44.65 early. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 22, 2026 19:17 ET (23:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NAB.AU","symbol_name":"NATIONAL AUSTRALIA BANK LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621742384","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621742384","pubTimestamp":1774221420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2317 GMT - National Australia Bank loses its bull at Macquarie, which warns of the potential hit to business customers from oil-price linked inflation. Lowering their recommendation to neutral from outperform, Macquarie points out that customers in agriculture and transport are particularly exposed due to rising fuel and fertilizer costs. It flags manufacturing and construction as being vulnerable to higher energy costs and any global trade disruption, adding that disruption to fuel supply could deliver a broad hit. NAB is the Australian lender most exposed to higher-risk sectors, it says. Macquarie cuts its target price by 3.2% to A$45.50/share. Shares are down 2% at A$44.65 early. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NAB.AU":"NATIONAL AUSTRALIA BANK LTD","NABZY":"National Australia Bank Ltd. (Victoria, Australia)","BK4207":"综合性银行","BK7511":"ESG概念","CUBI":"Customers Bancorp Inc.","BK7135":"综合性银行","BK4211":"区域性银行"},"translate_title":"由于担心通胀打击客户，国民银行失去了牛市——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUBI":1.5,"NABZY":0.9,"NAB.AU":0.9},"content_text":"2317 GMT - National Australia Bank loses its bull at Macquarie, which warns of the potential hit to business customers from oil-price linked inflation. Lowering their recommendation to neutral from outperform, Macquarie points out that customers in agriculture and transport are particularly exposed due to rising fuel and fertilizer costs. It flags manufacturing and construction as being vulnerable to higher energy costs and any global trade disruption, adding that disruption to fuel supply could deliver a broad hit. NAB is the Australian lender most exposed to higher-risk sectors, it says. Macquarie cuts its target price by 3.2% to A$45.50/share. Shares are down 2% at A$44.65 early. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 22, 2026 19:17 ET (23:17 GMT)\n\n\n  Copyright (c) 2026 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":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}