2334 GMT - Brambles' bull at RBC Capital Markets calls out strong cost control as a highlight of the global pallet supplier's positive first-half result. Analyst Owen Birrell uses a note to clients to flag the Australia-listed company's December-half margin expansion, which was driven by supply chain efficiencies and overhead improvements. This has helped Brambles operate in a softer demand environment, which Birrell observes has been confirmed by the company in the U.S., Europe and Latin America. Positively, he adds that new business growth should offset this like-for-like softness. RBC has a last-published outperform rating and A$28.50 target price on the stock, which is up 4.9% at A$24.65. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 18:34 ET (23:34 GMT)
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