MYO - Citi rates as Buy
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Reported 2017 financials are labeled either in-line or broadly in-line. Citi analysts do acknowledge the performance slightly missed market consensus. But underlying trends are seen as "strong".
Guidance for the year ahead was well below forecasts, and higher sales and marketing spend is to blame for it. Citi analysts have reduced forecasts. Buy rating retained. Price target falls to $4.25 from $4.55.
Sector: Software & Services.
Target price is $4.25.Current Price is $3.35. Difference: $0.90 - (brackets indicate current price is over target). If MYO meets the Citi target it will return approximately 21% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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