B of A Securities Downgrades James Hardie Industries to Underperform
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaurya Visen has downgraded James Hardie Industries (NYSE:JHX) from Neutral to Underperform, indicating a bearish outlook on the stock.
January 23, 2024 | 2:15 pm
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NEGATIVE IMPACT
James Hardie Industries was downgraded by B of A Securities from Neutral to Underperform, suggesting potential underperformance relative to the market.
Analyst downgrades typically lead to a negative perception among investors and can result in a short-term decline in the stock price. Given that this is a direct downgrade from a major financial institution, it is likely to have a significant impact on investor sentiment and the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100