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Strategic Growth Potential and Market Positioning Drive Buy Rating for James Hardie

Strategic Growth Potential and Market Positioning Drive Buy Rating for James Hardie

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.

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