** ASX-listed James Hardie Industries JHX.AX forecasts preliminary Q2 FY26 net sales and EBITDA, nearly 45% higher than previous quarter
** James Hardie expects Q2 prelim consolidated net sales in the range of $1.29 billion to $1.30 billion; forecasts consolidated net income between $151 million and $157 million
** Analysts at Morningstar says fiber cement maker's shares are nearly 20% undervalued; keeps fair value estimate at A$42
** Investment research firm expects FY26 to be a trough year for James Hardie, with recovery from FY27; adds sales estimates are at the top end of guidance due to stronger Azek sales
** Six analysts rate JHX "buy", six rate "hold" and one "sell"; set the median price target at A$37.10, according to data compiled by LSEG
** JHX down 100% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
((Keshav.singhchundawat@thomsonreuters.com))
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