** Morningstar has cut its Fair Value Estimate for shares of Reece REH.AX to A$13.00, a 4% decrease
** Brokerage attributes cut to reduced revenue outlook for the plumbing solutions provider's U.S. segment, believes region doesn't offer same competitive advantages as Australia and New Zealand
** Co on Monday posted 19% drop in HY NPAT to A$181 million ($115.2 million), lower than consensus estimate of A$189 million
** 1 of 12 analysts rate the stock "strong buy", 4 "hold" and 7 "sell"; their median PT is A$20.50 – according to data compiled by LSEG
** Stock closed 13.2% lower at A$19.05 on Monday
** Stock down 14.9% YTD
(Reporting by Nichiket Sunil in Bengaluru; Editing by Stephen Coates)
((Nichiket.Sunil@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。