0353 GMT - Brambles may have already locked in the majority of the new business wins the pallet provider needs to achieve its annual earnings guidance, Citi analyst Samuel Seow says. With economic uncertainty keeping a lid on like-for-like volumes, Seow reckons that the Australia-listed company's guidance implies material 4%-5% growth in net new wins for the June quarter. He acknowledges in a note to clients that this might seem optimistic, but explains that the ramp-up time between conversion and transacting for new customers suggests that Brambles should have much of the increase already in the bag. Citi keeps a neutral rating and A$20.15 target price on the stock, which is up 1.1% at A$20.04. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 23:53 ET (03:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。