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Fletcher Building Limited

( ASX:FBU ) - ASX200 Materials

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Analyst Views

FBU – Credit Suisse rates the stock as Neutral

The company has indicated the outlook is difficult and plans to cut 1500 jobs. The prospect of breaking even on earnings (EBIT) in the fourth quarter, which usually represents 40-45% of annual EBIT, highlights the downside associated with any return to more restrictive lockdown measures, Credit Suisse asserts.

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