Morgan Stanley have a $90.40 price target on the stock. Macquarie's shares closed at $81.21 on Friday, close to 7½-year highs. Nine analysts rate Macquarie a buy, seven a hold, while none of those that cover the company rate it a sell, according to Bloomberg. Morningstar analyst David Ellis is one of those with a hold rating. "Following the decline in Macquarie's unique captive infrastructure-related funds management business model we consider Macquarie has no real competitive advantages over global investment banking peers," he told clients. CLSA analysts, led by Brian Johnson, are bullish. This week they raised their three-year sum-of-the-parts valuation to $97.