BAML analysts have pinned Boral Limited (ASX: BLD) as the favourite for investors who want to ride the infrastructure boom and negate the losses of a slowing housing market. Boral closed at $6.65 on Tuesday and reported a 16% rise in net profit at the end of this fiscal year.
Analysts report that of the large ASX-listed building and construction stocks, Boral is the cream of the crop, with share price forecasts of $7.60 in the next 12 months and earnings growth of 31% in 2017-18.
Boral offers exposure to Australia's infrastructure spend and also to growing profit margins in its United States business. Engineers have forecast the Australian infrastructure boom could last longer than the mining boom with projects worth more than $100 billion projected over next 10 years on the East Coast.
