Reece is under Algo Engine buy conditions. 1H22 result was above expectations, with underlying EBITDA increasing 14% to $397m. US performance was a key highlight and we expect 5 -7% EPS growth into FY23.
The stock trades on a forward yield of 1.5%.
![](https://d2cbr21qzf932u.cloudfront.net/wp-content/uploads/2022/02/REH-1024x590.png)
Reece is under Algo Engine buy conditions. 1H22 result was above expectations, with underlying EBITDA increasing 14% to $397m. US performance was a key highlight and we expect 5 -7% EPS growth into FY23.
The stock trades on a forward yield of 1.5%.
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