Citi revises earnings estimates, PT for Australia's Reliance Worldwide Corp on tariff woes

Reliance Worldwide

05/05/2025 20:16

** Analysts at Citi cut EBITDA estimate for FY25, FY26 and FY27 by 5%, 15% and 7%, respectively, for Reliance Worldwide Corporation RWC.AX

** Brokerage changes target price to A$5.25 per share; retains "buy" rating

** The plumbing solutions provider said on Monday it sees net cost impact of U.S. import tariffs on FY26 operating earnings to be in the range of $25 million to $35 million

** "We expect estimates will continue to change as end tariff/macro picture becomes clearer" — Citi

** RWC rated "buy" on average; median price target stands at A$5.25 — data compiled by LSEG

** Stock last down 18.5% YTD

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))