Fletcher wowed analysts at last week’s investor day

Fletcher wowed analysts at last week’s investor day
Chief executive Ross Taylor's newfound credibility has been hard-won. (Image: NZME)
Jenny Ruth
At least five of the analysts who attended Fletcher Building’s investor day last week came away with some favourable impressions and have upbeat recommendations on the stock.Rohan Koreman-Smit at Forsyth Barr raised his forecasts for earnings before interest and tax (Ebit) in the year ending this month and next year and retained his “outperform” investment outlook, even though he’s lowered his 12-month target price by 55 cents to $6.60.That’s because he’s expecting Ebit will fall in the 2024 financial year an...

More Infrastructure

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
Bridge collapse to cause traffic delays for US car exports
Infrastructure

Bridge collapse to cause traffic delays for US car exports

Industry was just starting to recover after covid pandemic. 

Bloomberg 28 Mar 2024
Councils need to get their mojo back: Anne Tolley
Infrastructure

Councils need to get their mojo back: Anne Tolley

She says local bodies need to take up the funding tools already available to them.

Oliver Lewis 28 Mar 2024
Steven Joyce to chair group looking at infrastructure agency
Infrastructure

Steven Joyce to chair group looking at infrastructure agency

The new National Infrastructure Agency will be up and running next year.

Oliver Lewis 26 Mar 2024