** Jefferies says while liquidity was the focus of the last reporting season for Australian transport and logistics firms, the upcoming H1 2021 season will switch to a focus on the recovery from COVID-19 ** While it remains too early for many cos to have clarity on recovery due to uncertainty over domestic borders, delivery of a vaccine this year will be a key catalyst for the sector-brokerage Company Brokerage comments Rating/PT change Aurizon Given Chinese coal bans, focus will be H2 No AZJ.AX forecast and impact on EBIT guidance. Looking for buyback hike Transurban Further update on traffic recovery and Raises rating to TCL.AX dispute over West Gate Tunnel project remains 'buy' from 'hold' the focus Brambles Expecting strong rev growth, with leverage Cuts PT to A$9.68 BXB.AX skewed to H2. Capex up on high lumber prices from A$9.95 Cleanaway Uncertainty over future direction of the No CWY.AX business likely to remain until new CEO is appointed Sydney Airport Focus on update on rent relief/deferrals No SYD.AX allowed in CY21 given the lack of international passengers and cost performance Qantas Recent border restrictions have delayed Raises rating to QAN.AX recovery of corporate travel, with a return 'buy' from 'hold'; more likely post-vaccine. Liquidity update cuts PT to A$5.30 also in focus from A$5.61 Qube Holdings With container volumes being positive in H1 No QUB.AX and the benefit of a strong grain harvest, recovery of operational earnings looks attractive <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Aussie transport & logistics firms in 2020 https://tmsnrt.rs/3iTxRsF ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Shashwat Awasthi in Bengaluru) ((Shashwat.Awasthi@thomsonreuters.com))