Macquarie Group has reiterated guidance for FY14 on the back of a 10% outperformance against the ASX200 over the past month

James Marlay

Macquarie Group has reiterated guidance for FY14 on the back of a 10% outperformance against the ASX200 over the past month. In a note to clients Richard Coppleson of Goldman Sachs describes MQG as a stock that you need to own. Given the recent rally there is the risk that the trade is becoming crowded and Coppleson notes that the current guidance may not have hit market expectations and offers a short term buying opportunity. With improved activity in capital markets and a building IPO pipeline there are a number of reason to like the FY14 outlook. Goldman retains a strong buy on MQG.


About this contributor

James Marlay

James Marlay

Co Founder, Livewire Markets

I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.

Expertise

equities

Comments

Please sign in to comment on this wire.