Jarden increased its forecasts for Reliance Worldwide's (ASX:RWC) fiscal 2027 and fiscal 2028 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), according to a Tuesday note by the investment firm.

The investment firm now expects Reliance Worldwide's adjusted EBITDA to be AU$287.3 million for fiscal 2027, up AU$2.9 million from its prior projection, and AU$320.3 million for fiscal 2028, up AU$8.8 million from previous its estimate.

The increase in the fiscal 2027 estimate reflects the announced closures and an expected second-half weighted EBITDA benefit impact, while the fiscal 2028 estimate reflects a AU$18.2 million increase across Americas, Jarden said.

Reliance Worldwide decided to exit Australian brass manufacturing as part of a multi-year effort to rationalize its manufacturing footprint. The closures reflect volume declines at the Melbourne facilities, driven by migration of SharkBite Max production to the firm's Alabama facility and the 2025 transition to third-party Asian sourcing for Asia-Pacific.

Jarden maintained an overweight rating on Reliance Worldwide and raised the price target to AU$4.10 from AU$4.

Reliance Worldwide's shares jumped past 4% in recent Wednesday trade.