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Stock Market & Financial Investment News

News Breaks
March 21, 2014
13:31 EDTMICMacquarie Infrastructure fundamentals still positive, says Wells Fargo
After Macquarie reported weaker than expected Q4 results, Wells Fargo continues to believe the company has solid current yield and reasonable growth potential. The firm believes the main risk facing the company is higher taxes in a few years, but it thinks the company can avoid this problem with effective tax planning. The firm raised its price target on the shares to $59-$65 from $56-$62 and keeps an Outperform rating on the stock.
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