10 Stocks Leave Wall Street Stunned

6. James Hardie Industries plc (NYSE:JHX)

James Hardie extended its winning streak to a fifth straight day on Friday, jumping 7.06 percent to close at $27.59 apiece as investor sentiment was bolstered by a bullish rating from an analyst.

In its market note on Friday, William Blair gave the company an “outperform” rating with a price target of $33, or a 19.6-percent upside from its latest closing price.

According to William Blair, James Hardie Industries plc (NYSE:JHX) holds a strong position in the fast-growing siding and composite decking categories, and is capable of growing its sales between 10 and 12 percent, and EBITDA between 12 and 15 percent.

Additionally, optimism was supported by its acquisition of The AZEK Company, which it said would create a leading exterior and outdoor living building products growth platform with efficient scale and profitability supported by leading brands driving material conversion.

James Hardie Industries plc (NYSE:JHX) acquired The AZEK Company in March this year for $8.8 billion as part of its growth strategy.