JPMorgan analyst Al Harvey downgraded Fletcher Building to Neutral from Overweight with a price target of NZ$3.25, down from NZ$4.90. The firm citers “tough” trading conditions ahead and balance sheet uncertainty for the downgrade.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks