target boosted

0842 [Dow Jones] STOCK CALL: Asciano (AIO.AU) target price raised to A$1.55 from A$1.35 by Credit Suisse due to higher earnings multiples being applied to peers' share prices, but notes June month results show that two largest businesses - container ports and intermodal rail - continue to weaken. Expects FY10 forecast earnings upside to be heavily skewed to 2H, believing "volume recovery back to growth on FY09 remains six months away." Underperform retained on AIO, last A$1.49. (WEL)