Brambles Keeps Bull on Structural Efficiency Gains -- Market Talk

Dow Jones

02/20

0201 GMT - Brambles keeps its bull at Morgan Stanley on the efficiency gains that are insulating the pallet supplier from volume headwinds. Analyst Joseph Michael tells clients in a note that Brambles's strong December-half margins and improved free cash-flow outlook, which were supported by structural efficiency gains, highlight the Australia-listed company's operational discipline. If Brambles expands its so-called pallet serialization program into the U.S., Michael sees even lower capital intensity and a sustainably higher free cash-flow profile ahead. Morgan Stanley lifts its target price by 7.7% to A$28.00 and stays overweight on the stock, which is down 0.7% at A$24.20. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 19, 2026 21:01 ET (02:01 GMT)

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Analyst Joseph Michael tells clients in a note that Brambles's strong December-half margins and improved free cash-flow outlook, which were supported by structural efficiency gains, highlight the Australia-listed company's operational discipline. If Brambles expands its so-called pallet serialization program into the U.S., Michael sees even lower capital intensity and a sustainably higher free cash-flow profile ahead. Morgan Stanley lifts its target price by 7.7% to A$28.00 and stays overweight on the stock, which is down 0.7% at A$24.20. 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Analyst Joseph Michael tells clients in a note that Brambles's strong December-half margins and improved free cash-flow outlook, which were supported by structural efficiency gains, highlight the Australia-listed company's operational discipline. If Brambles expands its so-called pallet serialization program into the U.S., Michael sees even lower capital intensity and a sustainably higher free cash-flow profile ahead. Morgan Stanley lifts its target price by 7.7% to A$28.00 and stays overweight on the stock, which is down 0.7% at A$24.20. (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  February 19, 2026 21:01 ET (02:01 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"橋水持倉","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612230434","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612230434","pubTimestamp":1771552860,"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":"0201 GMT - Brambles keeps its bull at Morgan Stanley on the efficiency gains that are insulating the pallet supplier from volume headwinds. Analyst Joseph Michael tells clients in a note that Brambles's strong December-half margins and improved free cash-flow outlook, which were supported by structural efficiency gains, highlight the Australia-listed company's operational discipline. If Brambles expands its so-called pallet serialization program into the U.S., Michael sees even lower capital intensity and a sustainably higher free cash-flow profile ahead. Morgan Stanley lifts its target price by 7.7% to A$28.00 and stays overweight on the stock, which is down 0.7% at A$24.20. 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Analyst Joseph Michael tells clients in a note that Brambles's strong December-half margins and improved free cash-flow outlook, which were supported by structural efficiency gains, highlight the Australia-listed company's operational discipline. If Brambles expands its so-called pallet serialization program into the U.S., Michael sees even lower capital intensity and a sustainably higher free cash-flow profile ahead. Morgan Stanley lifts its target price by 7.7% to A$28.00 and stays overweight on the stock, which is down 0.7% at A$24.20. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2026 21:01 ET (02:01 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":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}