Our Algo Engine generated a buy signal in BXB last week and we highlight the price gap in the chart down to $10.06.
We’ve upgraded BXB to accumulate and our buy target range is $10 – $10.40
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The potential spin-off of the plastic pallet pooling business will unlock value for shareholders and provides the catalyst for us to have a favorable medium term outlook on the business, along with modest earnings growth showing up in the latest 6-month result.
Brambles
