We upgraded Reece last week in Reece: Three reasons. As mentioned in that review, stock can be hard to come by, and buying pressure can force the price up. While Reece is a wonderful business, we’re not prepared to chase it above our Buy price. We’re hopeful of another opportunity but until then we’re downgrading to HOLD.
Reece downgraded to Hold
With stock in short supply, Reece shares have been on a bit of a run since our upgrade. It's time to Hold.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.