Fletcher Building Ltd

FBU: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 2.10	Gwc	Ykmf

Fletcher Building: We Are Placing Under Review as We Revisit Our Outlook

Johannes Faul

May 13, 2024

We place no-moat Fletcher Building under review with yet another disappointing trading downgrade, as we assess what this means for our future assumptions and, ultimately, our fair value estimate.

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