0101 GMT - Brambles analyst Alexander Lu expects annual sales and earnings to come in at the lower end of the global pallet provider's guidance ranges. Lu lowers his sales and earnings forecasts for the three years through fiscal 2027 on the back of what he says was a softer-than-expected March-quarter trading update. He tells clients in a note that Brambles' year-to-date sales growth implies a slowdown from 5% in 2Q to 1% in 3Q. He acknowledges that adverse U.S. weather was a factor, but also sees tariffs weighing on demand. Lu now forecasts 4% annual sales growth and 8% underlying EBIT growth for fiscal 2025. Morgans trims its target price by 3.7% to A$19.75 and keeps a hold rating on the stock, which is up 1.0% at A$20.025. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 21:01 ET (01:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。