Morgan Stanley Downgrades Reliance Worldwide (OTCMKTS:RLLWF) to Underweight

Reliance Worldwide (OTCMKTS:RLLWF) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Thursday, The Fly reports.

Separately, UBS Group lowered shares of Reliance Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, September 18th.

OTCMKTS RLLWF remained flat at $$2.72 during trading hours on Thursday. Reliance Worldwide has a fifty-two week low of $1.09 and a fifty-two week high of $2.90.

Reliance Worldwide Company Profile

Reliance Worldwide Corporation Limited, together with its subsidiaries, designs, manufactures, and supplies water flow, control, and monitoring products and solutions for residential, commercial, and industrial applications. It offers fittings and pipes, including plumbing fittings, piping, and related products for the installation and repair of water reticulation systems; pipe support systems; and firestop solutions.

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