** Shares of brick manufacturer Brickworks BKW.AX fall 1.1% to A$23.670
** Citi says BKW trading at a ~10% P/E ratio discount to ASX Industrials .AXNJ, although the stock has traded in-line with index historically
** Including day's moves, stock down ~7.5% YTD vs 1.5% rise in AXNJ
** Citi says BKW trading at a discount despite falling interest rates driving a positive outlook for building products and property
** Brokerage believes outlook is improving with rate cuts driving demand recovery despite tough near-term environment for building products given slowing residential activity
** Retains "buy" rating and PT of A$31.60
** Stock rated "buy" on average, median PT at A$29, as per data compiled by LSEG
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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