Sims Bull Pleased by Reiteration of Annual Guidance -- Market Talk
Dow Jones
May 06
0313 GMT - Sims' reiteration of its FY26 guidance is viewed as positive in the face of declining DDR4 prices, says RBC Capital Markets. The broker says DDR4 prices were down roughly 12% on month in early May, which is viewed as a downside risk to earnings guidance for Sims' SLS division. RBC says it's currently forecasting SLS to deliver annual Ebit of A$169 million, around the lower end of Sims' guidance range. RBC has an outperform rating and A$25.75 target on the stock. Shares are up 4.3% at A$21.16. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 05, 2026 23:13 ET (03:13 GMT)
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