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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>