Analysts Love the New Macquarie That Looks Less Like Goldman
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Macquarie Group Ltd. Chief Executive Officer Nicholas Moore’s reshaping of the Australian investment bank is winning plaudits from analysts who say the overhaul will lead to more predictable profits.
The consensus rating on Macquarie is close to the highest level in more than four years and it is the fourth-best liked stock on the Australian 50 Leaders Index among analysts, data compiled by Bloomberg show. Investors concur: The stock is trading at the highest since before the global financial crisis.