BIL

Brambles Industries (BIL) has a share price target of $15.20 from stock analyst UBS. Their DCF valuation remains at $14.30 which places Brambles on a 10 percent premium to the average FCF multiple of the Australian All Industrials Their price target is a 12 month forward DCF. UBS notes that " We have changed our forecasts to reflect only US$926m being deployed via the cash alternative, and a further US$1.3bn being used for an on-market buyback until June 2007.

Brambles Industries (BIL) have a maintained Outperform recommendation and a 12 month share price target of $13.20 from stock analyst Macquarie Research Equities (MRE). They have highlighted that a possible takeover would offer an upside of $15 per share. Brambles, the world's top pallet supplier provided an upbeat 1Q07 trading update at its AGM indicating that sales and profits for CHEP and Recall in 1Q07 are "well ahead" of pcp. " Revenue growth in 1Q07 in the US at 10% is in line with MRE's FY07 forecast of 10%.

Brambles have had their Buy 1 stock rating reiterated by stock analyst and investment bank UBS. UBS has a 12-month share price target of $15.20. the stock analyst believes that Brambles (BIL) offers reasonable value on Cashflow, ongoing capital management potential and visible growth outlook.

Brambles (BIL) has retained their Outperform rating with a 12 month share price target of $13.20 by stock analyst Macquarie Research Equities (MRE). They believe that BIL can be subject to a bid this year and that it is possible that shareholders will be offered $15 per share. However, they find that: "Assessing the probability of a bid remains extremely difficult. For this reason, MRE intend to remain focused on analysing the business from the bottom up.

Macquarie Research Equities (MRE) have reiterated their Outperform stock recommendation for Brambles (BIL) shares with a 12 month share price target of $13.10. MRE has commented about Brambles that: "The perfect plant concept appears to be gaining momentum with cost reductions, quality improvements and time efficiencies noted by a number of industry sources. Encouragingly, a number of respondents also noted that the number of stray CHEP pallets (ie outside the pool) continues to decline. The outlook for CHEP Americas remains very encouraging.

Stock analysts, Citigroup Investment Research (CIR) have reduced their risk rating for the Brambles Industries (BIL) stock from Medium to Low Risk with a stock recommendation of Hold with an increased share price target of $11.63 (from $11.16)

Macquarie Research Equities (MRE) note that ""

With investors increasingly risk averse, share prices are at risk in this reporting season if profit delivery does not match the market’s expectations. This change in investor risk appetite driven by concerns over the outlook for global growth and the continued increase in cash rates around the world (ECB and Bank of England the most recent) is impacting on market valuations.

Citibank Investment Research (CIR) have initiated coverage for Brambles (BIL) with a Hold, Medium Risk recommendation. The broker notes that the company continues to look attractive on longer-term fundamentals but the recent improvement in the share price has pushed the stock close to our share price target.

Citigroup Investment Research (CIR) has maintained their Hold/ Medium Risk (2M) rating for Brambles Industries (BIL) stock. Their share target price has increased from of $10.83 per share to $10.92 per share, with expected total return currently 4.6%. However earnings forecasts have been downgraded. Brambles Industries Limited is listed on the Australian Stock Exchange (ASX) under stock code BIL. Check your charts!

Macquarie Research Equities (MRE) maintains a preference for stocks with offshore growth exposures via the current resources boom. MRE favours the following Australian listed stocks: BHP Billiton (BHP), Rio Tinto (RIO) and Woodside Petroleum (WPL). MRE are also overweight international industrials in tight oligopolies (a market is dominated by a small number of sellers) like Rinker (RIN), Brambles (BIL), Aristocrat (ALL) and CSL Ltd. MRE also views the banking sector as a defensive part of a portfolio.