Loop Capital analyst Garik Shmois raised the firm’s price target on American Woodmark to $104 from $97 and keeps a Hold rating on the shares. The company reported a “very solid” Q3 earnings beat, benefiting from its overexposure to new residential construction, the analyst tells investors in a research note. American Woodmark is executing on the cost side as well, and its new capacity should help the company continue to outperform the broader cabinets market moving forward, the firm added.
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Read More on AMWD:
- American Woodmark price target raised to $122 from $120 at Baird
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- American Woodmark upgraded to Outperform from Neutral at Baird
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