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Reece Limited (REECF) was upgraded to a Buy Rating at Morgans

Reece Limited (REECF) was upgraded to a Buy Rating at Morgans

Reece Limited (REECF – Research Report) received a Buy rating and a A$18.70 price target from Morgans analyst Alexander Lu today. The company's shares closed last Friday at $10.29.
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According to TipRanks, Lu is a 3-star analyst with an average return of 5.2% and a 40.51% success rate. Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Reece Limited.
Reece Limited has an analyst consensus of Moderate Sell, with a price target consensus of $10.76.
Based on Reece Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.4 billion and a net profit of $180.88 million. In comparison, last year the company earned a revenue of $4.54 billion and had a net profit of $223.63 million
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