Asciano (AIO.AU) target price hiked 50% to A$2.40 from A$1.60 by RBS, citing higher global peer multiples, and greater confidence in the growth forecast for its coal rail business following a site tour. Lifts FY10 EBITDA forecasts for coal by 12.4%, but cuts container ports and intermodal rail EBITDA by 3.2% and 1.4% respectively, resulting in overall 1.2% increase. Maintains Buy rating on AIO, last A$1.35, and says asset sale announcement likely by second week in June
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