Brambles' Buyback Is Not a Total Surprise -- Market Talk

Dow Jones

05/18

0142 GMT - Brambles' new US$400 million buyback is seen as a positive by its bull at RBC, albeit one that was expected to happen eventually. Analyst Owen Birrell tells clients in a note that the CHEP pallet operator that the market had been looking for it to reload its on-market buyback in August, when Brambles is scheduled to announce its FY 2026 result. As for Brambles' guidance downgrade, Birrell says it is unfortunate that service-center issues have arisen just as the company was experiencing positive momentum in organic volume growth. That had been the market's major concern, he adds. RBC has a last-published outperform rating and A$29.75 target price on the stock, which is down 18% at A$18.075. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 17, 2026 21:42 ET (01:42 GMT)

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Analyst Owen Birrell tells clients in a note that the CHEP pallet operator that the market had been looking for it to reload its on-market buyback in August, when Brambles is scheduled to announce its FY 2026 result. As for Brambles' guidance downgrade, Birrell says it is unfortunate that service-center issues have arisen just as the company was experiencing positive momentum in organic volume growth. That had been the market's major concern, he adds. RBC has a last-published outperform rating and A$29.75 target price on the stock, which is down 18% at A$18.075. 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Analyst Owen Birrell tells clients in a note that the CHEP pallet operator that the market had been looking for it to reload its on-market buyback in August, when Brambles is scheduled to announce its FY 2026 result. As for Brambles' guidance downgrade, Birrell says it is unfortunate that service-center issues have arisen just as the company was experiencing positive momentum in organic volume growth. That had been the market's major concern, he adds. RBC has a last-published outperform rating and A$29.75 target price on the stock, which is down 18% at A$18.075. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 17, 2026 21:42 ET (01:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7064","symbol_name":"综合支持服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636010075","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636010075","pubTimestamp":1779068520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0142 GMT - Brambles' new US$400 million buyback is seen as a positive by its bull at RBC, albeit one that was expected to happen eventually. Analyst Owen Birrell tells clients in a note that the CHEP pallet operator that the market had been looking for it to reload its on-market buyback in August, when Brambles is scheduled to announce its FY 2026 result. As for Brambles' guidance downgrade, Birrell says it is unfortunate that service-center issues have arisen just as the company was experiencing positive momentum in organic volume growth. That had been the market's major concern, he adds. RBC has a last-published outperform rating and A$29.75 target price on the stock, which is down 18% at A$18.075. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7064":"综合支持服务","BXB.AU":"BRAMBLES LTD","TSS":"Total System Services"},"translate_title":"Brambles的回购并不完全令人意外——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSS":1.5,"BXB.AU":0.9},"content_text":"0142 GMT - Brambles' new US$400 million buyback is seen as a positive by its bull at RBC, albeit one that was expected to happen eventually. Analyst Owen Birrell tells clients in a note that the CHEP pallet operator that the market had been looking for it to reload its on-market buyback in August, when Brambles is scheduled to announce its FY 2026 result. As for Brambles' guidance downgrade, Birrell says it is unfortunate that service-center issues have arisen just as the company was experiencing positive momentum in organic volume growth. That had been the market's major concern, he adds. RBC has a last-published outperform rating and A$29.75 target price on the stock, which is down 18% at A$18.075. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 17, 2026 21:42 ET (01:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}