James Hardie's ASX-listed shares rise as brokerages lift PTs
BUZZ-James Hardie's ASX-listed shares rise as brokerages lift PTs Updates
** Australia-listed shares of James Hardie Industries JHX.AX rise as much as 1.7% to A$37.6 in early trade
** Citi raises FY27 EBITDA estimate for the construction materials maker by 3% to $1.52 billion, above co's forecast range of $1.45 billion to $1.50 billion
** Brokerage increases target price to A$42.6 from A$36.5, retains "buy" call
** James Hardie said on Thursday it sees Q1 2027 preliminary consolidated adjusted EBITDA between $399 million and $407 million vs earlier projection of $354 million to $375 million
** Citi says forecast range is around 9% ahead of Visible Alpha's average consensus estimate
** Morningstar also raises its price target for James Hardie by 5% to A$45; raises FY27 adj EBITDA forecast by 13% to $1.7 billion on better-than-expected market share gains despite a weak quarter for U.S. residential housing
** James Hardie up 20% YTD, including the day's moves
($1 = 1.4353 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
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