WW’s shares set for boost

DOLMEN Stockbrokers believe out-of-favour Waterford Wedgwood shares have a potential 25% upside over the next 12 months.

In a note to clients yesterday Dolmen analyst Stuart Draper said he can see Waterford Wedgwood shares climb by 25% to 40 cent a share over the next year.

Mr Draper argues that with current US economic data indicating that a meaningful recovery in retail sales is starting to take hold, as a result, Waterford Wedgwood’s Christmas sales season has the potential to be quite robust giving a significant boost to WW’s current year earnings.