MARKET TALK: Whitbread Firing On All Cylinders -Merrill Lynch

22nd Jun 2010 08:02

0702 GMT [Dow Jones] Whitbread (WTB.LN) is firing on all cylinders, says Merrill Lynch, after 1Q sales beat forecasts. "We expect today's announcement to lead to further upgrades of consensus earnings forecasts," it says. "We reiterate our buy rating and 1600p price objective following today's very positive 1Q trading update." Shares closed Monday at 1478p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 22, 2010 03:02 ET (07:02 GMT)

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