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)
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