Markets: McMillan's Abbott boost

Citi has upgraded McMillan Shakespeare from sell to buy on the back of its confidence Tony Abbott will be the new prime minister in September.

This morning Citi Research upgraded its view on salary packaging and vehicle leasing administrator McMillan Shakespeare to a buy from a sell.

The change in rating is based on Citi’s bold view that the Coalition will be victorious at the September 7 election. If Sportsbets odds, referenced by Citi, are anything to go by the coalition is a shoe-in come September.

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