JPMorgan analyst Al Harvey downgraded Fletcher Building to Neutral from Overweight with a price target of NZ$3.25, down from NZ$4.90. The firm citers “tough” trading conditions ahead and balance sheet uncertainty for the downgrade.
JPMorgan analyst Al Harvey downgraded Fletcher Building to Neutral from Overweight with a price target of NZ$3.25, down from NZ$4.90. The firm citers “tough” trading conditions ahead and balance sheet uncertainty for the downgrade.