0859 [Dow Jones] STOCK CALL: After cutting the bank sector to Underweight yesterday, Merrill Lynch retains Overweight call on infrastructure sector. Says given similar defensive and yield characteristics between banks and infrastructure sectors, switch into infrastructure names recommended. Expects sector to book solid underlying revenue and earnings growth over coming years. Top sector pick Macquarie Infrastructure (MIG.AU), followed by Macquarie Communications (MCG.AU). (LMF)
MIG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held