Fletcher wowed analysts at last week’s investor day

Chief executive Ross Taylor's newfound credibility has been hard-won. (Image: NZME)

Mon, 27 Jun 2022

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...

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