0053 GMT - Brambles' medium-term earnings guidance extends the value proposition outlined by the global pallet giant back in 2021, Jefferies analysts write in a note. They tell clients that guidance for annual revenue growth of 4%-6% from FY 2026 to FY 2028 straddles the prior average analyst forecast of 5.1%. With annual Ebit expected to grow by a percentage in the high-single digits across the same period, Brambles should deliver total value creation of 10% including dividends. This is in-line with its FY 2021 target for FY 2023 onwards, they observe. Jefferies has a hold rating and a A$16.48 target price on the stock, which is down 0.1% at A$18.45. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 12, 2024 20:53 ET (00:53 GMT)
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