West Australian Newspapers (WAN) Stock Recommendation

Citigroup have maintained their Hold (2M) rating for the West Australian Newspapers (WAN) stock, while lifting their share price target to $8.60 from $7.80. The analyst notes that while "very strong 7.4% growth in advertising revenues in 1QF07 to-date is unlikely to be sustainable against a backdrop of rising interest rates and slowing retail spending", "management views current TWA EBIT margin of 43.3% as sustainable".

West Australian Newspapers Holdings Limited is listed on the Australian Stock Exchange (ASX) under stock code WAN. The company is involved in newspaper publishing, commercial newspaper printing, travel agency and radio communications. The company listed on the ASX on 9 January, 1992. Find out the meaning of the recommendations in this primer. Check your charts!