MARKET TALK: Shore Capital Keeps WH Smith At Buy

8th Jun 2010 07:56

0656 GMT [Dow Jones] WH Smith (SMWH.LN) offers a sales update in line with expectations, says Shore Capital and thus there is unlikely to be any changes to consensus pretax profit estimates. Says WH Smith is a well run, defensive company with a strong balance sheet and good cash generation. Shore adds WHS's shares are trading on an undemanding valuation and are yielding an attractive 4.1%. Hence, keeps a buy recommendation. Shares closed Monday at 454p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 08, 2010 02:56 ET (06:56 GMT)