Macquarie retains its underperform weighting on Hong Kong-based trading group, Li & Fung (L&F). The Australian financial service provider believes that in order to reach the garment titan’s 2013 core operating profit target, it will need to raise US$2 to 2.5 billion in the next 12 to 18 months to make the necessary acquisitions. Macquarie retains its price target of…
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