Myer downgraded
Unfortunately the buying opportunity in Myer lasted less than a month and, as we're reluctant to chase the stock, we're downgrading a notch.
Recommendation
Myer Holdings Limited -
MYR
Buy
below 1.00
Hold
up to 1.50
Sell
above 1.50
HOLD at $1.12
Current price
$0.71 at 16:40 (19 April 2024)
Price at review
$1.12 at (01 December 2015)
Max Portfolio Weighting
2%
Business Risk
Very High
Share Price Risk
Very High
All Prices are in AUD ($)
Myer's share price has continued to rise since our recent update in Myer: AGM 2015 on 20 Nov 15 (Speculative Buy – $1.03). The stock is now up 19% since Is Myer still a pariah? on 11 Nov 15 (Speculative Buy – $0.943). Consistent with the last update, we're downgrading to HOLD.
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More information on Myer Holdings Limited (MYR)
Recommendation
Myer Holdings Limited -
MYR
Buy
below 1.00
Hold
up to 1.50
Sell
above 1.50
HOLD at $1.12
Current price
$0.71 at 16:40 (19 April 2024)
Price at review
$1.12 at (01 December 2015)
Max Portfolio Weighting
2%
Business Risk
Very High
Share Price Risk
Very High
All Prices are in AUD ($)
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