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)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.