[Dow Jones] STOCK CALL: Asciano (AIO.AU) price target raised to...

[Dow Jones] STOCK CALL: Asciano (AIO.AU) price target raised to A$2.00 from A$1.70 by Merrill Lynch after upgrading FY10 and FY11 EBITDA forecasts by 2.5% and 6.6% due to recent Queensland coal contract wins, cost savings and repricing benefits of Hunter Valley coal contracts. Analyst says forecasts still remain conservative and while execution risk remains and port price rises may prove difficult, "the asset and earnings story make AIO one of our key picks." AIO last up 2.5 cents at A$1.625. (WEL)