RWC 1.23% $5.77 reliance worldwide corporation limited

No Gurgler The Macquarie View

  1. 24,110 Posts.
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    Trading environment has been more benign than expected with the US
    proving to be more resilient.


     UK activity remains weak, though some improvements seen in channel
    activity and housing sentiment.


     Maintain Outperform. We trim our TP to $3.65ps. At an FY21E PER of 16.7x
    and an FY22E PER of 13.5x, we believe the stock looks attractive.
 
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