Boral Ltd
BLD: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$7.90 | Vxbs | Kqnjkvxkq |
Boral: A More Tempered While Still Positive View on the Construction Cycle
We reduce our fair value estimate for Boral by 3% to AUD 4.25 per share after transferring coverage to a new analyst. The modest downgrade for the vertically integrated construction materials company includes a slightly more tempered while still positive view on the construction cycle. We continue to rate Boral as no-moat, High fair value Uncertainty, and standard capital allocation.