Myer Bull Sees Cost Control Building Stronger Foundations -- Market Talk

Dow Jones

03/25

0139 GMT - Myer's bull at Canaccord Genuity says the department-store operator's foundations look stronger now that it has its costs under control. Analyst Allan Franklin relays to investors the company's observation that it's been working for some time in a tough consumer environment, with management seemingly confident in the near-term trajectory. He concedes in a note that December and January trading was softer than some had expected, and lowers his forecasts on the expectation of increased promotional activity. However, he keeps a buy rating on the stock. Target price falls 7.6% to A$0.73. Shares are up 5.2% at A$0.305. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 21:39 ET (01:39 GMT)

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Analyst Allan Franklin relays to investors the company's observation that it's been working for some time in a tough consumer environment, with management seemingly confident in the near-term trajectory. He concedes in a note that December and January trading was softer than some had expected, and lowers his forecasts on the expectation of increased promotional activity. However, he keeps a buy rating on the stock. Target price falls 7.6% to A$0.73. Shares are up 5.2% at A$0.305. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2026 21:39 ET (01:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}