MARKET TALK: UBS Raises DS Smith Price Target

25th Jun 2010 07:26

0626 GMT [Dow Jones] UBS raises DS Smith (SMDS.LN) price target to 155p from 145p following the company's robust 2H update. Notes free cash flow was strong, while the company's outlook was encouraging. Sees potential for acquisitions/organic growth as well as divestments as the group has a strong balance sheet. Raises FY'11 EPS estimate to 15.58p from 13.73p and FY'12 EPS estimate to 18.33p from 15.88p. Keeps the stock at buy. Shares closed Thursday at 122p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 25, 2010 02:26 ET (06:26 GMT)

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