ASX-listed James Hardie deepens rout to more than 2-year low after bleak outlook
** ASX-listed James Hardie JHX.AX falls 7% to A$29.85, lowest since January 23, 2023; deepens rout into fifth straight session
** Stock among top 10 losers on ASX 200 benchmark index .AXJO
** JHX lost A$7.14 bln ($4.59 bln) in value on Wednesday after bleak 2026 earnings forecast
** Co flagged challenges in North America division as homeowners defer high-ticket projects, homebuilders cut inventory
** Citi cuts PT to A$35.00 from A$41.50
** Says will maintain "neutral" until macro conditions improve, there's evidence guidance is conservative
** Morningstar slashes FY26 and FY27 adjusted EBITDA outlook by 16% and 29%, respectively
** Says depth of disappointment surprising; housing construction activity appears to have slowed more than expected
** JHX falls 40.8% YTD
($1 = A$1.5545)
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