James Hardie Shares to Get Boost from Higher Guidance
Dow Jones08-07
RBC Capital Markets expects James Hardie shares to react positively to its 1Q results, which include an upgrade to FY27 guidance. "Management noted it is not assuming a housing market improvement, but that its performance and growth expectations support raising its full-year outlook," says RBC. Yet the broker, which has a sector perform rating on the stock, remains slightly cautious. It expects "questions about evolving margin guidance, the implied guide for H2/27, and any impacts of load-in associated with new distribution relationships to be topical on the call today." RBC has a A$37.00 target on the company's Sydney-listed shares. The stock ended Thursday at A$40.82.
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