Pivotal Point Tracking James Hardie Industries (JHX): Fiber Cement Market Leader Thanks to US Interest Rate Shift and Oppenheimer Praise on Growth Path

James Hardie Industries is the world's leading manufacturer of fiber cement building materials. On July 14, a mild US inflation report triggered a surge in stock prices, as falling inflation rates fueled hopes for monetary easing. The US business is highly sensitive to the real estate market. Lower interest rates make mortgages more affordable and stimulate residential construction. Additional momentum was provided by the brokerage Oppenheimer, which subsequently reaffirmed the stock with a price target of $30 and an "Outperform" rating as a top...