James Hardie shares climb 3.4% to A$37.085 after Jefferies upgrade
James Hardie's ASX-listed shares rallied as much as 3.4% to A$37.085, their sharpest intraday percentage rise since Aug. 7. Jefferies raised its rating to "buy" with a $25.53 price target, noting the fibre cement maker's pricing power, resilient siding demand and material conversion tailwinds.
085, marking their sharpest intraday percentage gain since August 7. 53 price target, saying the fibre cement maker has pricing power, resilient siding demand and material conversion tailwinds. 5%-4% annual pricing growth despite housing softness. Jefferies added that stronger siding demand, higher oriented strand board prices and savings from idling the Jasper mill should help offset inflation in late 2026.
84. 14. The stock is up about 19% year to date in Australia, compared with a 23% rise in the US.