Reliance Worldwide Set for Tough 12 Months -- Market Talk

Dow Jones

01/19

2140 GMT - Plumbing fittings supplier Reliance Worldwide loses a bull in Citi, which thinks the market underestimates the impact of the rise in copper prices on the business. Copper is up 2.8% on the Comex exchange this year so far, and is 33% higher than a year ago. "Overall, the copper spike is fairly visible and not new news," analyst Samuel Seow says. "However, looking closer at what historically goes through the P&L, suggests Reliance Worldwide is in for a tough 12-month period." The structure of the industry favors customers in the U.S., Citi says. So, it believes the quantum and speed of potential price rises present a challenge to Reliance Worldwide. "As a result, we downgrade to neutral, as we expect both FY 2026 and FY 2027 consensus estimates are too high," Citi says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 18, 2026 16:40 ET (21:40 GMT)

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Copper is up 2.8% on the Comex exchange this year so far, and is 33% higher than a year ago. \"Overall, the copper spike is fairly visible and not new news,\" analyst Samuel Seow says. \"However, looking closer at what historically goes through the P&amp;L, suggests Reliance Worldwide is in for a tough 12-month period.\" The structure of the industry favors customers in the U.S., Citi says. So, it believes the quantum and speed of potential price rises present a challenge to Reliance Worldwide. \"As a result, we downgrade to neutral, as we expect both FY 2026 and FY 2027 consensus estimates are too high,\" Citi says. 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Copper is up 2.8% on the Comex exchange this year so far, and is 33% higher than a year ago. \"Overall, the copper spike is fairly visible and not new news,\" analyst Samuel Seow says. \"However, looking closer at what historically goes through the P&amp;L, suggests Reliance Worldwide is in for a tough 12-month period.\" The structure of the industry favors customers in the U.S., Citi says. So, it believes the quantum and speed of potential price rises present a challenge to Reliance Worldwide. \"As a result, we downgrade to neutral, as we expect both FY 2026 and FY 2027 consensus estimates are too high,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 18, 2026 16:40 ET (21:40 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7012","symbol_name":"建築產品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604865977","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604865977","pubTimestamp":1768772400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2140 GMT - Plumbing fittings supplier Reliance Worldwide loses a bull in Citi, which thinks the market underestimates the impact of the rise in copper prices on the business. Copper is up 2.8% on the Comex exchange this year so far, and is 33% higher than a year ago. \"Overall, the copper spike is fairly visible and not new news,\" analyst Samuel Seow says. \"However, looking closer at what historically goes through the P&L, suggests Reliance Worldwide is in for a tough 12-month period.\" The structure of the industry favors customers in the U.S., Citi says. So, it believes the quantum and speed of potential price rises present a challenge to Reliance Worldwide. \"As a result, we downgrade to neutral, as we expect both FY 2026 and FY 2027 consensus estimates are too high,\" Citi says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7012":"建筑产品","RWC.AU":"RELIANCE WORLDWIDE CORP LTD"},"translate_title":"Reliance Worldwide将迎来艰难的12个月——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RWC.AU":0.9},"content_text":"2140 GMT - Plumbing fittings supplier Reliance Worldwide loses a bull in Citi, which thinks the market underestimates the impact of the rise in copper prices on the business. Copper is up 2.8% on the Comex exchange this year so far, and is 33% higher than a year ago. \"Overall, the copper spike is fairly visible and not new news,\" analyst Samuel Seow says. \"However, looking closer at what historically goes through the P&L, suggests Reliance Worldwide is in for a tough 12-month period.\" The structure of the industry favors customers in the U.S., Citi says. So, it believes the quantum and speed of potential price rises present a challenge to Reliance Worldwide. \"As a result, we downgrade to neutral, as we expect both FY 2026 and FY 2027 consensus estimates are too high,\" Citi says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 18, 2026 16:40 ET (21:40 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}