Quote: UBS is "neutral" on Myer Holdings and has a price target of $1.20 on the retailer, compared with $1.30 previously. "MYR has a strong brand, but continues to lose share and will now look to realign the business to a different customer base. We think this is high risk, but the strategy by management and level of CAPEX allocated does seem sensible."
are they serious?
MYR is gonna get hammered today morning and they still have the target of $1.20???
makes me laugh and sorry for the people who trust them or am I missing something here?
MYR Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
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