Intelligent Investor

Myer downgraded

A share price rise means we're downgrading our Myer recommendation a notch.
By · 11 Aug 2016
By ·
11 Aug 2016 · 1 min read
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Recommendation

Myer Holdings Limited - MYR
Buy
below 1.25
Hold
up to 1.80
Sell
above 1.80
Buy Hold Sell Meter
HOLD at $1.31
Current price
$0.71 at 16:40 (19 April 2024)

Price at review
$1.31 at (11 August 2016)

Max Portfolio Weighting
3%

Business Risk
High

Share Price Risk
High
All Prices are in AUD ($)

Myer's share price has been consistently above our $1.25 maximum Speculative Buy price for a couple of weeks now. The full-year results will be announced on 15 September and in the meantime we're downgrading to HOLD.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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