MARKET TALK: Charles Stanley Starts Dunelm Coverage With Buy

14th Jun 2010 09:39

0839 GMT [Dow Jones] Charles Stanley initiates coverage of homeware retailer Dunelm Group (DNLM.LN) with a buy rating. Says the recent fall of around 20% in its share price creates a compelling entry point for a competitively secure retailer. Says the retailer is poised to almost double sales in five years through organic growth, even if the U.K. emergency Budget triggers weak consumer demand. Starts coverage with a 500p target price. Shares -2.2% at 341p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 14, 2010 04:39 ET (08:39 GMT)