Market Overview

UPDATE: Bank of America Upgrades James Hardie Industries on US Housing Sector Recovery


In a report published Thursday, Bank of America analyst Ben Chan upgraded the rating on James Hardie Industries plc (NYSE: JHX) from Neutral to Buy, and raised the price target from $52.00 to $59.78.

In the report, Bank of America noted, “James Hardies derives approx 80pct of earnings directly from the now recovering US housing sector which offers excellent LT earnings growth prospects when combined with expected market share gains. The valuation also benefits from a falling A$ and the balance sheet can facilitate continued strong capital management.”

James Hardie Industries plc closed on Wednesday at $44.75.

Latest Ratings for JHX

Nov 2019UpgradesUnderperformBuy
Nov 2019Initiates Coverage OnUnderperform
May 2019DowngradesBuyOutperform

View More Analyst Ratings for JHX
View the Latest Analyst Ratings

Posted-In: Bank of America Ben ChanAnalyst Color Upgrades Analyst Ratings


Related Articles (JHX)

View Comments and Join the Discussion!

Latest Ratings

ARDSRoth CapitalInitiates Coverage On18.0
MNPRBrookline CapitalInitiates Coverage On42.0
HNPDaiwa CapitalDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at