Oppenheimer analyst Tyler Batory initiated coverage of James Hardie (JHX) with an Outperform rating and $28 price target The firm sees the company’s acquisition of Azek reinvigorating its company’s fiber cement business in North America. This will position James Hardie on an “enhanced growth trajectory,” the analyst tells investors in a research note. Oppenheimer believes the stock’s multiple will expand as the company delivers on its growth synergies and reduces leverage.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JHX:
- James Hardie announces expanded distribution partnership with Boise Cascade
- James Hardie initiated with a Hold at Vertical Research
- Strategic Direction and Shareholder Divergence at James Hardie Industries: A Buy Rating Amidst Proxy Advisory Opposition
- James Hardie price target raised to $28 from $25 at Truist
- Strong Buy Recommendation for James Hardie Amid Surpassing Q2 Results and Growth Opportunities in US Market