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Broker Notes: Why analysts name Macquarie, HT&E and Ramelius to buy now?

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Moomoo News AU wrote a column · Jul 29, 2022 01:36
$Macquarie Group Ltd(MQG.AU)$: Jefferies has a buy rating on Macquarie.
Macquarie could prove to be an investment that gains multiple times its original value, or even a multibagger, over the next five to 10 years, says Jefferies. Jefferies makes this assessment because it believes that the Australian financial company has cross-divisional earnings leverage to global energy decarbonisation.

$HT&E Ltd(HT1.AU)$: Macquarie raises the stock to outperform from neutral.
Macquarie analysts expect HT&E's upcoming 1H result to beat consensus expectations for earnings. "Our revenue numbers factor in upgraded radio ad market revenue for the six months to June," Macquarie says.

$Ramelius Resources Ltd(RMS.AU)$: Shaw & Partners rates the stock a buy but reduces its price target by 36% to A$1.50/share.
Ramelius Resources's guidance for FY 2023 is materially worse than Shaw & Partners expected. Ramelius forecast all-in sustaining costs of A$1,750/oz-A$1,950/oz, well above the A$1,523/oz reported for FY 2022. "Higher costs are no surprise, but we were expecting more impact from the low-cost Penny mine in FY 2023," analyst Andrew Hines says. Still, Ramelius has a track record of meeting or beating guidance. "We suspect, therefore, that the FY 2023 guidance is going to more conservative than usual."
Broker Notes: Why analysts name Macquarie, HT&E and Ramelius to buy now?
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