Summary: The outlook for Macquarie Group is divided following the investment bank’s latest earnings upgrade, while it is unanimously positive for South32 after the BHP spin-off released its first quarterly report. Meanwhile, investors shouldn’t get too caught up in Boral’s earnings upgrade, Sonic Healthcare faces a difficult Australian pathology market and Duet Group’s acquisition of Energy Developments relieves some pressure around its ability to deliver distributions, analysts say.
Key take-out: Several analysts struggle to see Macquarie Group running higher after its share price climb this year, but others say momentum should continue to surprise on the upside.
Key beneficiaries: General investors. Category: Shares.