Goldman Sachs analyst Brendan Sproules downgraded Macquarie Group (MQBKY) to Sell from Neutral with a A$218.50 price target The firm cites the stock’s 20% rally in the past month and the bank’s “weaker outlook ahead” for the downgrade. Macquarie faces a slowing global economy and moderation in deal activity, the analyst tells investors in a research note.
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