UBS keeps buy rating on Brambles and sees progress on its plan
UBS analyst Andre Fromyhr says Brambles appears on track to meet its annual guidance and keeps a buy rating with a A$24.50 target, per Market Talk.
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what happened
According to Market Talk, UBS analyst Andre Fromyhr maintains a positive stance on Brambles, with a buy rating and a A$24.50 target price, following the firm's upgrade from neutral in May. At its annual general meeting the CHEP pallet operator shared little about trading, but the analyst says risks have eased slightly based on management's remarks.
In a client note, Fromyhr writes that the company looks to be progressing as planned, including on clearing bottlenecks in its repair network and rolling out technology. This could strengthen market confidence that it can deliver its annual guidance. The shares rose 0.6% to A$21.35.
why it matters
A single broker's view rarely moves a large company's stock on its own, but this note suggests analyst sentiment on Brambles is tilting more positive. Investors will likely watch whether the company confirms its annual guidance in upcoming updates.
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sources
- Brambles' Bull Sees Support for Positive Thesis — Market Talk, 22 October 2026 at 23:40 UTC
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