Boral well placed for housing data

Boral Ltd (ASX:BLD) are staying hopeful of US housing data this week.

Analysts say the company is well-placed to benefit from a US housing recovery, with Bloomberg reporting Boral has had two buys and six sell recommendations from a survey of 14 analysts.

Boral Chief Mark Selway told Business Day that he had hoped there would be a small up-tick in housing starts in the last quarter that unfortunately weren’t seen.

Boral reported a profit of $92.7 million in the six months to December 31 last year.
Source Finance News Network