Shaurya Visen, an analyst from Bank of America Securities, reiterated the Buy rating on James Hardie. The associated price target was raised to A$51.15.
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Shaurya Visen has given his Buy rating due to a combination of factors that highlight the potential for growth in James Hardie’s market segments. The analyst holds a positive outlook on the fiber cement and repair and remodel markets, which are key areas for the company. Additionally, the acquisition of AZEK is seen as a strategic move that could enhance the company’s market position and contribute positively to its financial performance.
Despite a disappointing FY26 EBITDA guidance, which is below Bank of America’s expectations, Visen believes that the market consensus is still forming and that the company’s strategic initiatives could lead to a re-rating of its valuation multiples. The expected renaming and restructuring of segments, such as the inclusion of AZEK in the Siding & Trim segment, are anticipated to streamline operations and potentially drive future growth. These factors collectively underpin the Buy rating, reflecting confidence in the company’s long-term prospects.
According to TipRanks, Visen is a 4-star analyst with an average return of 11.2% and a 75.00% success rate.
In another report released on August 18, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a A$51.00 price target.