MYR - Deutsche Bank rates as Hold
Get More Commentary, Discussion & Market Information On -
Deutsche Bank expects a -12 basis points decline in EBIT margin in FY17. FY17 guidance implies an earnings decline of up to -5% but the broker suggests the composition will be interesting.
Deutsche Bank expects a sharp sales decline with some offset from gross margin and lower costs. Hold rating and $0.80 target maintained.
Target price is $0.80.Current Price is $0.74. Difference: $0.07 - (brackets indicate current price is over target). If MYR meets the Deutsche Bank target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).
FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.
The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.