FBU fell by 5.5% on Wednesday as the company faced pressure due to sluggish demand for construction and infrastructure projects, particularly in its Australian and New Zealand core markets. Additionally, concerns about profit margins and increased competition in some segments have weighed on investor sentiment following recent painful downgrades by the company: if in doubt, staying out has proven the smart move here.
- We can see FBU breaking its 2024low in the coming weeks/months.
MM is neutral to bearish toward FBU
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