Brokerages cut earnings outlook for Australia's Reliance Worldwide on US tariff woes

Reliance Worldwide Corporation RWC.AX falls 0.6%

Citi cuts EBITDA estimate for FY25, FY26 and FY27 by 5%, 15% and 7%, respectively

Changes PT to A$5.25 from A$5.9; retains "buy"

Plumbing solutions provider warned of pressure on 2025 Americas sales amid worries over U.S. tariffs

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

UBS trims FY26 EPS estimate by 20%; cuts PT to A$4.5 from A$5.6, anticipating "end-market uncertainty to continue to weigh on shares"

Jarden downgrades FY25 and FY26 EPS estimate by 5% and 10%-15%, respectively

But marginally hikes PT to A$4.8 from A$4.7, expecting lower tariff impact on co's earnings

Stock rated "buy" on avg; median PT is A$5.18, per data compiled by LSEG

RWC down ~19% YTD