Citi Sticks to Their Buy Rating for Reliance Worldwide Corp. (RLLWF)
Citi analyst Samuel Seow maintained a Buy rating on Reliance Worldwide Corp. (RLLWF – Research Report) today and set a price target of A$5.25. The company's shares closed last Wednesday at $2.80.
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Seow covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Aurizon Holdings. According to TipRanks, Seow has an average return of -1.6% and a 50.69% success rate on recommended stocks.
Currently, the analyst consensus on Reliance Worldwide Corp. is a Strong Buy with an average price target of $3.27, implying a 16.79% upside from current levels. In a report released on May 13, Morgans also upgraded the stock to a Buy with a A$5.45 price target.
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