Macquarie just upped its 12-month forecast for New Hope shares. Here’s why

New Hope Corp Ltd (ASX: NHC) shares are lifting today.

Shares in the S&P/ASX 200 Index (ASX: XJO) coal stock closed yesterday trading for $4.35. In early afternoon trade on Tuesday, shares are swapping hands for $4.38 apiece, up 0.7%.

For some context, the ASX 200 is…