JP Morgan Downgrades James Hardie Industries to Neutral
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Al Harvey has downgraded James Hardie Industries (NYSE:JHX) from Overweight to Neutral.
May 21, 2024 | 12:49 pm
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NEGATIVE IMPACT
JP Morgan analyst Al Harvey has downgraded James Hardie Industries from Overweight to Neutral, indicating a less optimistic outlook on the stock.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan suggests a less favorable view on the stock's short-term performance, likely leading to a negative impact on its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100