Sims Loses Bear on Better Earnings Capacity -- Market Talk
Dow Jones
Mar 19
0118 GMT - Scrap-metals recycler Sims has continued to improve its earnings capacity thanks to cost control, improvements in its North America business and increased recycling of used data-center equipment, says Jarden. It upgrades the stock to neutral from underweight. Jarden raises its target on Sims to A$21.50 from A$19.50. "We would become more positive with greater evidence of through-cycle margin durability in Metals and improved visibility on sustainable earnings power in SLS," its e-waste and data-center services arm, Jarden says. Shares are up 5.2% at A$21.76.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 18, 2026 21:18 ET (01:18 GMT)
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