MARKETS SPECTATOR: Cold shoulder for Myer

Myer's surprise first-half results failed to impress Credit Suisse and UBS which both cited cost headwinds for downgrading the stock.

Following Myer's stronger-than-expected result yesterday, both UBS and Credit Suisse have moved to downgrade the stock with the former cutting it to neutral from buy and the latter lowering it to neutral from outperform.

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