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Brokers upgrade Macquarie (ASX:MQG) share price targets despite profit warning – Motley Fool Australia
The Macquarie Group Ltd (ASX: MQG) share price retreated for a second day following its profit warning. Is the pullback a buying opportunity?
The Macquarie Group Ltd(ASX: MQG) share price retreated for a second day following its shock profit warning. Is the pullback a buying opportunity?
Shares in the investment bank declined 0.6% to $119.48 during lunch time trade when the S&P/ASX 200 Index (Index:^AXJO) is holding at breakeven.
Macquarie share price hit by profit warning
The drop in the MQG share price today takes its fall from grace to just over 5% this week after management warned of a 35% slump in first half FY21 profit.
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