the brokers say...

UBS 28/01/2010 1 Buy target $32.50
UBS has lowered its target on WOW by $1.00 to $32.50 as Q2 sales were below expectations and 2H10 discretionary spending is seen as soft.
Q2 sales grew by 4.1%, which was 1.2% below UBS expectations, due to slowing food and liquor inflation and weak BigW performance, UBS says.

While the broker has lowered its earnings forecasts by 1-2%, it maintains its Buy recommendation as the stock is trading at the lowest relative price to earnings ratio (PE) since April 2004.


Credit Suisse 28/01/2010 1 Outperform target $32.00
Sales for the December quarter were relatively weak in the broker's view, while it continues to note some warning signs with respect to margins in both groceries and liquor.
Post the result the broker sees some potential for medium-term downgrades to its growth estimates but there is no change to its Outperform rating as the fundamentals for the stock continue to look reasonable.

7 brokers reported dated today - the others were HOLD and NEUTRAL...