Reliance Worldwide's Underlying Earnings Growth Remains Muted -- Market Talk

Dow Jones

06/24

Reliance Worldwide is set for a 16% rise in Ebit in FY27, says Jefferies. But little of that will be underlying earnings growth. Analyst Ramoun Lazar says it will almost entirely be driven by a shakeup in tariff regimes and the benefit of closing its Australian brass operations. "Sustained multiple re-rating requires improvement in U.S. macroeconomic backdrop or other initiatives (such as M&A) to deliver earnings benefits," Jefferies says. It retains a buy call on Reliance Worldwide and raises its price target by 11% to A$4.20/share. Reliance Worldwide ended Tuesday at A$3.56/share. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 23, 2026 18:49 ET (22:49 GMT)

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But little of that will be underlying earnings growth. Analyst Ramoun Lazar says it will almost entirely be driven by a shakeup in tariff regimes and the benefit of closing its Australian brass operations. \"Sustained multiple re-rating requires improvement in U.S. macroeconomic backdrop or other initiatives (such as M&amp;A) to deliver earnings benefits,\" Jefferies says. It retains a buy call on Reliance Worldwide and raises its price target by 11% to A$4.20/share. Reliance Worldwide ended Tuesday at A$3.56/share. 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But little of that will be underlying earnings growth. Analyst Ramoun Lazar says it will almost entirely be driven by a shakeup in tariff regimes and the benefit of closing its Australian brass operations. \"Sustained multiple re-rating requires improvement in U.S. macroeconomic backdrop or other initiatives (such as M&amp;A) to deliver earnings benefits,\" Jefferies says. It retains a buy call on Reliance Worldwide and raises its price target by 11% to A$4.20/share. Reliance Worldwide ended Tuesday at A$3.56/share. (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  June 23, 2026 18:49 ET (22:49 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":"2645578968","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645578968","pubTimestamp":1782254940,"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":"Reliance Worldwide is set for a 16% rise in Ebit in FY27, says Jefferies. But little of that will be underlying earnings growth. Analyst Ramoun Lazar says it will almost entirely be driven by a shakeup in tariff regimes and the benefit of closing its Australian brass operations. \"Sustained multiple re-rating requires improvement in U.S. macroeconomic backdrop or other initiatives  to deliver earnings benefits,\" Jefferies says. It retains a buy call on Reliance Worldwide and raises its price target by 11% to A$4.20/share. Reliance Worldwide ended Tuesday at A$3.56/share. ","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的基本盈利增长仍然疲软——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RWC.AU":0.9},"content_text":"Reliance Worldwide is set for a 16% rise in Ebit in FY27, says Jefferies. But little of that will be underlying earnings growth. Analyst Ramoun Lazar says it will almost entirely be driven by a shakeup in tariff regimes and the benefit of closing its Australian brass operations. \"Sustained multiple re-rating requires improvement in U.S. macroeconomic backdrop or other initiatives (such as M&A) to deliver earnings benefits,\" Jefferies says. It retains a buy call on Reliance Worldwide and raises its price target by 11% to A$4.20/share. Reliance Worldwide ended Tuesday at A$3.56/share. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2026 18:49 ET (22:49 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":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}