CITI upgraded MYR today, page-2

MYR - MYER HOLDINGS LIMITED
Credit Suisse rates MYR as Upgrade to Outperform from Neutral (1) - Credit Suisse upgrades to Outperform from Neutral, believing the stock to be inexpensive with a defensible dividend yield. The broker also expects the financial performance will improve in FY15.
The target is raised to $2.40 from $2.25. Credit Suisse thinks recent management changes provide an opportunity to create more proactive and internationally benchmarked merchandise and marketing strategies, as well as elevate e-commerce.
Target price is $2.40 Current Price is $2.19 Difference: $0.21 If MYR meets the Credit Suisse target it will return approximately 10% (excluding dividends, fees and charges).
The company's fiscal year ends in July. Credit Suisse forecasts a full year FY14 dividend of 13.82 cents and EPS of 16.69 cents . At the last closing share price the estimated dividend yield is 6.31%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.12.
Market Sentiment: 0.4
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.9, implying annual growth of - 22.4%.Current consensus DPS estimate is 14.2, implying a prospective dividend yield of 6.5%.Current consensus price target is $ 2.30, suggesting upside of 5.0%(ex-dividends).Current consensus EPS estimate suggests the PER is 12.9.