Supply chain improvements to aid McMillan Shakespeare's future earnings - Macquarie

McMillan Shakespeare

08/03/2023 05:24

** Analysts at Macquarie say that future earnings of
Australia's McMillan Shakespeare  MMS.AX  will improve as supply
chain issues ease and product pipeline become clear
    ** Brokerage says, the company which provides leasing
services, needs to recycle used automobile parts along with
change in finance mix amid cost pressure in the sector
    ** Co's exit from the UK would likely be well received by
investors - Macquarie
    ** Brokerage, however, downgrades co to 'Neutral' from
'Outperform' as it views risks around the stock are slowly
starting to balance
    ** Four of seven analysts rate the stock "buy" or higher and
three "hold"; their median PT is A$14.90 – Refinitiv data
    ** Stock has risen 10.9% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))