James Hardie Bull Sees Further Opportunities in Boise Cascade Partnership
Dow Jones08-06
0203 GMT - An expanded partnership between building materials producer James Hardie and U.S. distributor Boise Cascade could be laying the foundations for future strategic opportunities, according to Citi analyst Samuel Seow. "Firstly, for future potential customers/big box retailers we see the attraction of less delivery trucks, sales reps and a bundled pricing program," says Seow. "While secondly, we estimate there may be an opportunity to limit the distribution of competitor siding products," he says. Citi keeps a buy rating on James Hardie, with a A$42.60/share target. The stock is little changed at A$40.22.
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