Macquarie Cuts Price Target on Fletcher Building (ASX: FBU)

Mon 19 May 25, 04:45 AM |

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Highlights:

Fletcher Building Ltd (ASX: FBU) has faced a turbulent start to 2025 despite a modest year-to-date share price recovery. It is trading at AU$3.04, which slipped from recent highs of around AU$3.14, and analysts remain sceptical about its outlook. A series of broker downgrades highlights the uncertainty surrounding the company’s performance amid ongoing market challenges.

Macquarie analysts this week revised their valuation on the ASX 200 building materials and construction company, cutting their 12-month price target from $1.95 to $1.85. This represents a projected downside of roughly 40% from current levels, reflecting a sharply reduced growth outlook for the business.

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