Jefferies upgraded Reliance Worldwide to Buy from Hold with a price target of A$3.96, down from A$4.17. The Q1 trading update was mostly in line with the firm’s expectations and Jefferies cites current valuation levels and underperformance relative to James Hardie (JHX) for its upgrade of Reliance shares.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>