Brokerages lift PTs on James Hardie after it raises quarterly forecast

James Hardie Industries

23/07/2026 21:35

** Citi raises FY27 EBITDA estimate for Australia's James Hardie Industries JHX.AX by 3% to $1.52 billion, above co's forecast range of $1.45 billion to $1.50 billion
** Brokerage also increases target price to A$42.6 ($29.68) from A$36.5, retains "buy" call
** JHX 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
** As of last close, James Hardie up 19.8% so far this year


($1 = 1.4353 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))