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MYR - Macquarie rates as Neutral
BY BROKER NEWS - 24/04/2018 | VIEW MORE BROKER UPDATES

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MYR - MYER HOLDINGS LIMITED


Macquarie is pleased a new CEO has been appointed reasonably quickly, minimising the potential for leadership disruption. Yet the broker suggests financial capacity limits the investment and turnaround possibilities.

John King, previously CEO of House of Fraser, has been appointed CEO and managing director. Date of commencement is yet to be confirmed. Neutral rating and $0.50 target maintained.

Sector: Retailing.

Target price is $0.50.Current Price is $0.38. Difference: $0.12 - (brackets indicate current price is over target). If MYR meets the Macquarie target it will return approximately 24% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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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.

 

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