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.