Wolfe Research initiated coverage of James Hardie (JHX) with an Outperform rating and $25 price target The firm believes the recent pullback in the shares provides an attractive entry point. James Hardie is a “structural growth story” as fiber cement continues taking market share from vinyl siding, the analyst tells investors in a research note. Wolfe views expects the company’s Azek acquisition to bring accelerated growth and margin expansion.
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