American Woodmark price target lowered to $100 from $112 at Loop Capital

Loop Capital lowered the firm’s price target on American Woodmark to $100 from $112 and keeps a Hold rating on the shares. The company reported a Q3 earnings beat with stronger than expected sales while benefiting from its heightened exposure to new residential construction that saw improving demand in single-family housing starts, the analyst tells investors in a research note. New capacity, along with digital growth investments, resulted in higher fixed costs however, and American Woodmark’s FY25 is setup to be a transition year as the management’s EBITDA guidance is below consensus expectations, the firm added.