0140 GMT - Australia's Macquarie Group gets a new bull at RBC, where analyst Andrei Stadnik sees positive earnings risks from ongoing volatility in commodity markets. Initiating coverage of the stock with an outperform rating, Stadnik includes exposure to commodity prices among the factors drawing him to the financial services provider. He tells clients in a note that operating leverage across asset management and personal banking should underpin mid-to-high single-digit earnings growth into fiscal 2029. With the potential for large sales by Macquarie's asset-management business, Stadnik reckons that a multiple of 17 times fiscal 2028 earnings looks undemanding. RBC puts a target price on the stock of 300.00 Australian dollars. Shares are up 2.1% at A$244.56.
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