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.
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