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Fly News Breaks for August 14, 2015
MIC
Aug 14, 2015 | 07:29 EDT
Noting that Macquarie has dropped 7% since reporting its Q2 results on August 4, Oppenheimer says that the decline was due to a drop in yield vehicles and a complex earnings call. However, the firm contends that the company's guidance is conservative, while its underlying cash flows could rise at least 14% annually. Oppenheimer keeps a $100 price target and Outperform rating on the shares.
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