Reported 1 day ago
James Hardie Industries plc (NYSE:JHX) saw a 7.06% increase in its stock price, reaching $27.59, following a bullish rating from William Blair, which set a target price of $33. The analyst highlighted the company's strong position in the siding and decking markets, predicting sales growth of 10-12% and EBITDA growth of 12-15%. Additionally, optimism was fueled by its recent acquisition of The AZEK Company for $8.8 billion, aimed at expanding its product offerings.
Source: YAHOO