BUZZ-Morningstar upbeat on Australia's Brambles, hikes price target

Reuters05-07

** Morningstar raises Brambles' PT to A$19 from A$14, banking on the company's investment in digitalisation and operating efficiency

** The supply-chain logistics firm's investment effort is expected to improve transport and repair costs incrementally - Morningstar

** Brokerage "anticipates" higher revenue growth for the company, averaging 6% for its 10-year forecast period, from 4% earlier

** "Distributions to shareholders are appropriate" – Morningstar

** Eight of 15 analysts rate the stock "buy" or higher, four "hold" and three "sell" or lower; their median PT is A$15.70 – LSEG data

** Stock has risen 5.7% YTD

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))

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