0320 GMT - Sims bull Macquarie thinks there could be even more gains ahead for the metal recycler's stock. The earnings power of Sims's SLS electronics arm is likely to be sustained for a few years at least, says the bank. The outlook for the ferrous and nonferrous metals markets is also solid, with prices improving broadly, it says. Macquarie keeps its outperform rating on Sims and raises its target to A$31.90 a share from A$22.80. The stock is up 0.3% versus Tuesday's close, at A$28.20 a share. It is 57% higher year to date. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 09, 2026 23:20 ET (03:20 GMT)
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