1526 [Dow Jones] STOCK CALL: Citigroup upgrades Macquarie Infrastructure (MIG.AU), Connect East (CEUCA.AU) and Australian Infrastructure (AIX.AU) to Buy from Neutral after lowering domestic 10-year bond yield forecast to 5.5% from 6%. Says "with prevailing long bond yields closer to 5.0% than over 6.0% implied in the stock prices, we see upside in the sector." Lifts FY07 net profit forecasts 25% for MIG, 27% for AIX and 14% for Macquarie Airports (MAP.AU), its preferred sector pick. MIG steady at A$4.04, CEUCA unchanged at 83.5 cents, AIX up 2 cents at A$2.44, MAP down 3 cents at A$3.32, TCL up 6 cents at A$7.44. (WEL)
