MARKET TALK: Dunelm Update Reassuring - Arden

13th Jul 2010 07:30

0630 GMT [Dow Jones] Dunelm's (DNLM.LN) trading update is reassuring, says Arden Partners. Says 4Q sales are not as bad as feared. Notes a small upgrade to consensus and says it will be raising its pretax profit estimate for '10 to GBP76M from GBP73.5M. Reiterates add rating and 390p price target on the stock. Shares closed Monday at 358p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 13, 2010 02:30 ET (06:30 GMT)

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