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National Bank Tweaks Estimates For Building Materials Distributors
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National Bank Tweaks Estimates For Building Materials Distributors
Jun 26, 2025 11:34 AM

02:05 PM EDT, 06/26/2025 (MT Newswires) -- National Bank has adjusted its estimates for Adentra ( HDIUF ), Doman Building Materials ( CWXZF ) and Richelieu Hardware ( RHUHF ) over the next 12 months, reflecting a dimmer outlook for the U.S. market.

"While we maintain a favourable long-term outlook on the sector given the supply deficit that has built up since the Great Recession, we believe rates will keep demand suppressed in the short term and await relief from a potentially quickened pace of cuts toward the end of 2025 and into 2026," writes analyst Zachary Evershed.

Adentra's ( HDIUF ) target has been trimmed $41 (from $46). Reiterate Outperform rating.

Doman Building's target remains unchanged at $10.50. Reiterate Outperform rating.

Richelieu's target falls slightly to $37 (was $37.50). Reiterate Sector Perform rating.

Price: 27.61, Change: +0.22, Percent Change: +0.80

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