Latest news with #AlexanderLu
Business Insider
30-06-2025
- Business
- Business Insider
Morgans downgrades Reece Limited (REECF) to a Hold
Morgans analyst Alexander Lu downgraded Reece Limited (REECF – Research Report) to a Hold today and set a price target of A$14.80. The company's shares closed last Friday at $10.29. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Lu is a 3-star analyst with an average return of 4.9% and a 40.48% success rate. Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Reece Limited. Currently, the analyst consensus on Reece Limited is a Hold with an average price target of $11.69, implying a 13.61% upside from current levels. In a report released on June 27, Macquarie also maintained a Hold rating on the stock with a A$14.50 price target. 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
Business Insider
24-06-2025
- Business
- Business Insider
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. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter 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
Business Insider
24-06-2025
- Business
- Business Insider
Morgans Sticks to Its Buy Rating for Amcor PLC Shs Chess Depository Interests (AMC)
Morgans analyst Alexander Lu maintained a Buy rating on Amcor PLC Shs Chess Depository Interests (AMC – Research Report) today and set a price target of A$16.00. The company's shares closed today at A$14.07. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Acrow Formwork and Construction Services Limited. According to TipRanks, Lu has an average return of 5.2% and a 40.51% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amcor PLC Shs Chess Depository Interests with a A$17.60 average price target. The company has a one-year high of A$16.96 and a one-year low of A$13.82. Currently, Amcor PLC Shs Chess Depository Interests has an average volume of 2.86M.
Business Insider
26-05-2025
- Business
- Business Insider
Morgans Sticks to Their Hold Rating for Wesfarmers Limited (WFAFF)
In a report released today, Alexander Lu from Morgans maintained a Hold rating on Wesfarmers Limited (WFAFF – Research Report), with a price target of A$75.80. The company's shares closed last Wednesday at $44.70. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Lu is ranked #2903 out of 9536 analysts. Currently, the analyst consensus on Wesfarmers Limited is a Moderate Sell with an average price target of $46.56, representing a 4.16% upside. In a report released on May 23, Jefferies also maintained a Hold rating on the stock with a A$74.00 price target. The company has a one-year high of $56.39 and a one-year low of $39.00. Currently, Wesfarmers Limited has an average volume of 1,155.
Business Insider
14-05-2025
- Business
- Business Insider
Positive Report for Reliance Worldwide Corp. (RLLWF) from Morgans
Reliance Worldwide Corp. (RLLWF – Research Report) received a Buy rating and a A$5.45 price target from Morgans analyst Alexander Lu today. The company's shares closed yesterday at $2.80. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Lu covers the Industrials sector, focusing on stocks such as Reliance Worldwide Corp., Brambles , and Reece Limited. According to TipRanks, Lu has an average return of 6.3% and a 42.31% success rate on recommended stocks. In addition to Morgans, Reliance Worldwide Corp. also received a Buy from Ord Minnett's James Casey in a report issued on May 7. However, on May 6, Morgan Stanley maintained a Hold rating on Reliance Worldwide Corp. (Other OTC: RLLWF). The company has a one-year high of $4.14 and a one-year low of $2.21. Currently, Reliance Worldwide Corp. has an average volume of 1,281.
