0514 GMT - The improved earnings outlook that Brambles investors had expected to see through fiscal 2025 could still emerge at the pallet provider's 1H result announcement, Jarden analysts say. They are not overly concerned by the company's softer-than-expected 1Q result, noting that Brambles can still hit guidance with what they call a decent acceleration in revenue growth over the remainder of the year. They say pricing remains strong and make no changes to their forecasts. The share price should get support from the company's continuing buyback, they add. Jarden has an overweight rating and a A$17.90 target price on the stock, which closed 0.7% lower at A$18.16. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 25, 2024 01:14 ET (05:14 GMT)
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