0443 GMT - Brambles' medium-term outlook won't necessarily drive analysts to lift earnings forecasts, but will build confidence in the global pallet giant's free cashflow profile, UBS analysts say. They tell clients in a note that the Australia-listed company's targets for the three years starting FY 2026 puts a floor under free cashflow expectations regardless of levels of investment. They also acknowledge Brambles' ambitions to win new business, but note that taking share from whitewood operators will require capital. UBS has a buy rating and A$19.10 target price on the stock, which is up 2.1% at A$18.71. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 16, 2024 00:43 ET (04:43 GMT)
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