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'Heightened risk' at Fletcher's until review is complete – Jarden

Brent Melville
Wed, 24 Nov 2021

'Heightened risk' at Fletcher's until review is complete – Jarden
Grant Swanepoel said the study is unlikely to lead to any "rational change" to the industry. (Image: supplied)
Brent Melville
Wed, 24 Nov 2021
Investment house Jarden isn't changing its view on Fletcher Building despite its exposure to a government instigated market review of the building supplies sector.In a research note, analysts Grant Swanepoel and Luan Nguyen said while the study is unlikely to lead to any "rational change" to the industry, there's always a heightened risk until the review is completed.The analysts are retaining a $7.23 target price and 'neutral' rating on the stock.Commerce and consumer affairs minister David Clark announced the terms o...

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