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FBU - UBS rates the stock as Buy
BY BROKER NEWS - 09/08/2017 | VIEW MORE BROKER UPDATES

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FBU - FLETCHER BUILDING LIMITED


The NZ govt has lifted its construction growth forecasts by 17-24% over 2019-21. The broker had assumed peak activity fro Fletcher in F18 and flat in FY19 before declining in FY20.

If the market becomes comfortable with the govt forecasts, earnings upgrades should follow for Fletcher beyond FY18, the broker suggests. Buy and NZ$8.90 target retained.

Sector: Materials.

Current Price is $7.40. Target price not assessed. 



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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