Brambles' Pricing Growth to Remain Positive -- Market Talk

Dow Jones04-11

0220 GMT - Brambles' pricing growth is set to moderate but remain positive, Jarden analysts reckon. Market concerns that the Australia-listed pallet supplier will be forced to lower prices are unfounded, the analysts tell clients in a note. They point out that U.S. consumer discretionary inventories have remained relatively stable since peaking in fiscal 2023, and see little risk that pallet industry pricing will turn negative. Jarden's analysts see pricing growth at Brambles' CHEP Americas business slowing from 18% in fiscal 2023 to 7.1% in fiscal 2024, and to 2.5% the following year. Jarden has an overweight rating and target price of A$15.70 on the stock, which is down 0.75% at A$15.86. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

April 10, 2024 22:20 ET (02:20 GMT)

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Market concerns that the Australia-listed pallet supplier will be forced to lower prices are ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7064","symbol_name":"综合支持服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426477421","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426477421","pubTimestamp":1712802000,"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":"0220 GMT - Brambles' pricing growth is set to moderate but remain positive, Jarden analysts reckon. 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