Brambles' Reputation Takes Hit From Surprise Downgrade -- Market Talk

Dow Jones
05/19

2333 GMT - Brambles' surprise earnings downgrade means the market no longer views the pallet supplier as a business with highly predictable and stable earnings growth, Jefferies analysts warn. The CHEP brand owner cut its outlook after service-center subcontractors exited its repair network, and the Jefferies analysts are shocked that such important contracts in the U.S. could end so quickly. They also have questions over the timeline for fixing the issue, with a return to optimal plant levels delayed by 18 months. They tell clients in a note that they are keeping a hold rating on the stock but cut their target price 7% to A$19.55. Shares are at A$17.63 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 18, 2026 19:33 ET (23:33 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

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。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10