Brokers Kaupthing Singer & Friedlander are recommending investors to sell their shares in Whitbread because profit estimates for next year look too high and the company may need to curtail its roll-out programme of new sites.
A target price of 960p has been formulated. Shares closed at 1077p on Friday.
Earlier Goldman Sachs had reduced its target price from 1140p to 1362p.
The Daily Telegraph 04/10/08 page 6 (Your money)
The Independent 04/10/08 page 50 (Business)
