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Analysts Offer Insights on Financial Companies: Manulife Financial (MFC) and Macquarie Group Limited (OtherMCQEF)

Tipranks - Mon May 4, 7:40AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Manulife Financial (MFC) and Macquarie Group Limited (MCQEF) with bullish sentiments.

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Manulife Financial (MFC)

In a report issued on May 1, John Aiken from Jefferies maintained a Buy rating on Manulife Financial, with a price target of C$61.00. The company’s shares closed last Friday at $39.10.

According to TipRanks.com, Aiken is a 2-star analyst with an average return of 0.4% and a 51.5% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Manulife Financial with a $41.48 average price target, implying a 5.3% upside from current levels. In a report issued on April 17, TipRanks – OpenAI also upgraded the stock to Buy with a C$59.00 price target.

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Macquarie Group Limited (MCQEF)

In a report issued on May 1, Andrew Lyons from Jefferies maintained a Buy rating on Macquarie Group Limited, with a price target of A$247.40. The company’s shares closed last Wednesday at $166.25.

According to TipRanks.com, Lyons is a 3-star analyst with an average return of 3.3% and a 50.3% success rate. Lyons covers the Financial sector, focusing on stocks such as National Australia Bank Limited, Bendigo & Adelaide Bank, and ANZ Group Holdings. ;'>

Currently, the analyst consensus on Macquarie Group Limited is a Moderate Buy with an average price target of $171.95, which is a 6.9% upside from current levels. In a report issued on April 16, Morgan Stanley also maintained a Buy rating on the stock with a A$270.00 price target.

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