James Hardie rally still seen extending after 1Q confidence boost
James Hardie shares have risen more than 50% from its May low. Morgan Stanley’s analyst Joseph Michael said the 1Q result increased confidence in delivering above-market growth despite weak U.S. housing.
James Hardie Industries's share price has risen more than 50% from its May low, and its bull at Morgan Stanley thinks the rally has further to run.
Analyst Joseph Michael said James Hardie's 1Q result increased confidence in its ability to deliver above-market growth despite a weak U.S. housing bac…