Myer Strategy Day Unveiled No Shocking News; FVE Unchanged at AUD 0.80
At its strategy day, no-moat-rated Myer discussed its New Myer strategy in detail with the investment community, as well as the pressures facing retailers in general, and department stores in particular. Unsurprisingly, the firm announced new and more realistic medium-term target metrics. In its new target metrics, management implicitly expects the current weak consumer sentiment and intense competition to endure until fiscal 2020.Our estimates are unchanged, with compound underlying earnings g...
Myer Holdings is a department store group, with more than 60 stores across Australia. Co. also owns Australian womenswear designer brand, sass & bide.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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