Three Positives From Reece's Bigger Buyback Plan -- Market Talk

Dow Jones

Dec 23, 2025

2157 GMT - Plumbing-fittings retailer Reece's increased share-buyback program reflects three key positives, says Ord Minnett. Reece says it now intends to repurchase shares worth A$85 million, up from an original goal of A$35 million. It follows a A$365 million buyback that was completed in October. Analyst James Casey says the bigger target illustrates management's view that the stock may be undervalued. It also underscores the company's robust financial position and disciplined capital-allocation approach, and confidence in the business's long-term outlook. Ord Minnett has a "buy" call on Reece and A$14.50/share price target. Reece ended Monday at A$13.05. (david.winning@wsj.com; @dwinningWSJ)

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December 22, 2025 16:57 ET (21:57 GMT)

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Reece says it now intends to repurchase shares worth A$85 million, up from an original goal of A$35 million. It follows a A$365 million buyback that was completed in October. Analyst James Casey says the bigger target illustrates management's view that the stock may be undervalued. It also underscores the company's robust financial position and disciplined capital-allocation approach, and confidence in the business's long-term outlook. Ord Minnett has a \"buy\" call on Reece and A$14.50/share price target. Reece ended Monday at A$13.05. (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  December 22, 2025 16:57 ET (21:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Three Positives From Reece's Bigger Buyback Plan -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThree Positives From Reece's Bigger Buyback Plan -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-23 05:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2157 GMT - Plumbing-fittings retailer Reece's increased share-buyback program reflects three key positives, says Ord Minnett. Reece says it now intends to repurchase shares worth A$85 million, up from an original goal of A$35 million. It follows a A$365 million buyback that was completed in October. Analyst James Casey says the bigger target illustrates management's view that the stock may be undervalued. It also underscores the company's robust financial position and disciplined capital-allocation approach, and confidence in the business's long-term outlook. Ord Minnett has a \"buy\" call on Reece and A$14.50/share price target. Reece ended Monday at A$13.05. (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  December 22, 2025 16:57 ET (21:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REH.AU","symbol_name":"REECE LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593453132","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593453132","pubTimestamp":1766440620,"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":"2157 GMT - Plumbing-fittings retailer Reece's increased share-buyback program reflects three key positives, says Ord Minnett. Reece says it now intends to repurchase shares worth A$85 million, up from an original goal of A$35 million. It follows a A$365 million buyback that was completed in October. Analyst James Casey says the bigger target illustrates management's view that the stock may be undervalued. It also underscores the company's robust financial position and disciplined capital-allocation approach, and confidence in the business's long-term outlook. Ord Minnett has a \"buy\" call on Reece and A$14.50/share price target. Reece ended Monday at A$13.05. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"REH.AU":"REECE LTD","BK7031":"贸易公司与经销商"},"translate_title":"里斯更大规模回购计划的三个积极因素——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REH.AU":0.9},"content_text":"2157 GMT - Plumbing-fittings retailer Reece's increased share-buyback program reflects three key positives, says Ord Minnett. Reece says it now intends to repurchase shares worth A$85 million, up from an original goal of A$35 million. It follows a A$365 million buyback that was completed in October. Analyst James Casey says the bigger target illustrates management's view that the stock may be undervalued. It also underscores the company's robust financial position and disciplined capital-allocation approach, and confidence in the business's long-term outlook. Ord Minnett has a \"buy\" call on Reece and A$14.50/share price target. Reece ended Monday at A$13.05. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 22, 2025 16:57 ET (21:57 GMT)\n\n\n  Copyright (c) 2025 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":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}