0007 GMT - Brambles' already attractive valuation looks even more appetizing especially if the pallet giant continues to buy back shares and the macro environment helps accelerate growth, Macquarie analyst Peter Steyn says. He reiterates an outperform rating on the stock, telling clients in a note that a stabilizing macro environment should provide a good backdrop to the Australia-listed company's aim to lift new business growth by 1%-2% annually in revenue terms. Steyn says that capital absorption from lumber-price volatility and supply chain disruption is now unwinding, and that returns on capex look likely to be sustained and extended. Macquarie lifts its target price by 19% to A$21.20. Shares are down 0.15% at A$19.79. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 30, 2025 19:07 ET (00:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。