MYO – Macquarie rates the stock as Neutral

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The company has reiterated guidance for revenue growth in the 13-15% range and operating earnings margins in the 45-46% range.

The broker pulls back the execution of the buyback in its forecasts, believing it prudent to exercise restraint on this initiative given the projected level of gearing. Neutral maintained. Target is $3.99.

Sector: Software & Services.

Target price is $3.99.Current Price is $3.67. Difference: $0.32 – (brackets indicate current price is over target). If MYO meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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