Brambles has continued to navigate a challenging operating environment well, suggests Morgan Stanley, with price realisation the key driver of top line growth in the 3Q. All FY24 guidance was maintained.
However, the broker points to slowing price momentum in the 3Q, as well as a slowdown in the trajectory of sales growth. Group sales revenue of
Management noted destocking has continued in
The Equal Weight rating is maintained by the broker on a full valuation. Target
Sector: Commercial & Professional Services.
Target price is
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