Former Sims Bear Gets More Confidence in SLS -- Market Talk

Dow Jones06-18

0125 GMT - Sims loses its bear at Jefferies after the metals recycler upgraded annual earnings guidance. Sims's new FY 2026 guidance is about 15% ahead of the midpoint of consensus, says Jefferies. It upgrades the stock to hold from underperform, and raises its target to A$31.00 from A$19.00. "U.S. trading margins and nonferrous pricing drives FY26 upgrades," says Jefferies. "However we also meaningfully upgrade SLS [Sims Lifecycle Services] earnings given more conviction in the LT [long term] earnings opportunity." Shares are up 0.6% at A$30.13. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 17, 2026 21:25 ET (01:25 GMT)

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It upgrades the stock to hold from underperform, and raises its target to A$31.00 from A$19.00. \"U.S. trading margins and nonferrous pricing drives FY26 upgrades,\" says Jefferies. \"However we also meaningfully upgrade SLS [Sims Lifecycle Services] earnings given more conviction in the LT [long term] earnings opportunity.\" Shares are up 0.6% at A$30.13. 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