2223 GMT - Brambles will need to maintain pricing strength in the U.S. through its fiscal second half if the global pallet supplier is to hit its annual targets, Citi analyst Samuel Seow says. Seow tells clients in a note that flat 1Q pricing in Europe could leave the U.S. business with work to do. While 1Q demand from existing U.S. customers was slightly lower compared with the same period a year earlier, Seow is pleased to see overall volumes in the Americas growing by 1%. Citi has a neutral rating and A$18.50 target price on the stock, which is at A$18.57 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 23, 2024 18:23 ET (22:23 GMT)
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