J.P.Morgan cuts CSW Industrials PT on macro risks

CSW Industrials

03/10/2025 11:54

** J.P.Morgan cuts PT on construction company CSW Industrials CSW.N to $290 from $320, maintains rating at "neutral"

** New PT represents a 12.6% premium to the stock's last close

** Brokerage says despite co's $650 mln acquisition of MARS Parts, it remains cautious about short-term macroeconomic headwinds in the HVAC/R market

** Notes co's heavy reliance on U.S.-based revenue leaves it vulnerable to domestic economic fluctuations and policy shifts, limiting its insulation from global diversification benefits

** One of six brokerages rate the stock "buy" , five "hold" ; their median PT is $283 - data compiled by LSEG

** As of last close, stock had fallen 27% YTD ... compared with a 14.6% YTD increase in the S&P 600 Building Products (Industry) index .SPSMCBUI

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))