AIO 0.00% $9.13 asciano limited

dow jones

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    1104 [Dow Jones] STOCK CALL: Asciano (AIO.AU) 12-month target price slashed to A$5.01 from A$9.40 by Citi after broker removes blue sky of expected entry into Queensland coal haulage, and other growth options from valuation, while also lowering expected port handling volumes due to likely domestic economic slowdown. Cuts EBITDA forecasts 3% in FY09 and 19% in FY10, but retains Buy rating, AIO down 8% at A$3.66. (WEL)

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