0044 GMT - Brambles' ability to win new business against a backdrop of slowing economic growth keeps its bull at Macquarie interested. An analyst note from the investment bank highlights the global pallet giant's acceleration in new wins as a key positive amid volume softness from existing customers. Cost and capital efficiencies also help support Macquarie's continued outperform rating on the stock. Macquarie's analyst is untroubled by Brambles' move to lower the top end of its annual sales guidance range, and still sees the stock's valuation as attractive. Macquarie keeps a A$21.85 target price on the stock, which is up 1.6% at A$20.15. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 28, 2025 20:44 ET (00:44 GMT)
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