In some good news - I guess - UBS maintain a buy recommendation....

In some good news - I guess - UBS maintain a buy recommendation. I wont jump in until the half year numbers come out and they can show they have addressed the same store growth issues.

"...Valuation: $11.91ps (DCF/SOTP), down 9.9%; Maintain Buy rating Despite the downgrades to 1H17E EPS, we still believe TRS can improve its long-term EBIT margins to >5%. We have cut our FY17E EPS forecasts by 19% but have margins getting to the same level by FY20E. Our price target is now $12.90ps (down 9.8%) and we maintain our Buy rating on TRS based on forecast shareholder return..."