0402 GMT - Pallet giant Brambles's U.S. earnings margins could come under pressure from increased lumber prices, Jarden analysts say. They say in a note that lumber costs are reaccelerating at a time when pallet prices are stuck in reverse. Their analysis suggests a 10% on-year rise in lumber costs so far in Brambles' fiscal second half, compared with a 1.8% on-year decline in April for pallet prices. All told, they see broad near-term challenges for Brambles but maintain a neutral rating and its target price of A$19.80 on the stock. Shares are down 0.1% at A$22.13. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 00:02 ET (04:02 GMT)
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