Truist lowered the firm’s price target on James Hardie (JHX) to $25 from $35 and keeps a Buy rating on the shares. The stock fell sharply after Q1 results and FY26 guidance that was dramatically below consensus, with the miss entirely focused on North America siding as double-digit decline in volume is driven by weak homebuilder demand and inventory reduction for the whole year, the analyst tells investors in a research note. The results now raise questions of share loss in the siding market, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JHX:
- James Hardie price target lowered to $25 from $32 at Baird
- Long-Term Growth Potential for James Hardie Industries Despite Short-Term Challenges
- Strategic Growth Potential and Market Positioning Drive Buy Rating for James Hardie
- James Hardie Reports Q1 FY26 Results Amid AZEK Acquisition
- Closing Bell Movers: La-Z-Boy down 24% after earnings miss