2327 GMT - Brambles' bull at Citi sees high quality in the pallet supplier's first-half result. The overall result was in line with expectations but analyst Samuel Seow points to strong levels of new customer wins and strong margins despite softer like-for-like demand. He tells clients in a note that the second-half margin beat implied by the first-half result is likely to continue into the 2027 fiscal year. Brambles still has room to maneuver on both overheads and pooling provisions, he adds. Citi has a last-published "buy" rating and A$26.75 target price on the stock, which is up 4.7%, at A$24.60. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 18, 2026 18:27 ET (23:27 GMT)
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