Macquarie Group upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Macquarie Group (MQBKY) to Overweight from Equal Weight with a price target of A$270, up from A$223. A “goldilocks scenario is playing out” for Macquarie as commodities and LNG volatility is up and should remain structurally higher, while capital markets remain resilient and demand for real assets is rising, the analyst tells investors.