BUZZ-Australia's Brambles slips; Macquarie lowers earnings estimates

Reuters04-24

** Shares of Australia's Brambles fall as much as 0.9% to A$14.51

** Analysts at Macquarie lower FY24 EBIT growth outlook on the pallets maker in the range of 13% to 14%

** Brokerage says price momentum for co's products is seeing a decline and volumes are yet to show rebound

** Keeps PT unchanged at A$16.25

** 3Q24 result lacks the green shoots of volume growth, but lifted efficiency and improved cash generation creates value - Macquarie

** Stock has risen 7.7% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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