Ord Minnett maintains its Accumulate rating though raises its target price for Macquarie Group to $207 from $190. The analyst's earnings upgrades now places the broker around 3% above consensus forecasts, as it considers the FY22 net profit consensus is conservative.

Ord Minnett's forecast is for a FY22 net profit of $3.56bn, up 18% on FY21. The forecast has been lifted on higher M&A income, commodities income and mortgage growth.

Sector: Diversified Financials.

Target price is $207.00.Current Price is $201.70. Difference: $5.30 - (brackets indicate current price is over target). If MQG meets the Ord Minnett target it will return approximately 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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