Goldman Sachs downgrades Fletcher Building to sell

Fletcher Building last traded at $3.17. (Image: Getty)

Fri, 14 Mar 2025

Goldman Sachs analysts downgraded Fletcher Building to sell as “at its current price we believe the market is prematurely pricing in a stronger than expected recovery”.The dual-listed building materials giant last traded at $3.17 and Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14). “With 5% downside, it is in the bottom quintile of our industrial’s coverage (average 15% upside) and we downgrade to 'sell',” they said. According to the analysts, the shares have rallied 15% over...

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