Baird raised the firm’s price target on American Woodmark (AMWD) to $115 from $112 and keeps an Outperform rating on the shares as part of a Q3 earnings preview for the residential building products group. Channel checks remain mixed, with respondents indicating slightly worse trends, but year-over-year growth less bad across surveyed categories, the analyst tells investors in a research note. The firm says that while near-term trends remain mixed, it expects investors to look through Q3 results for the group, as focus turns toward a potential recovery beginning in 2025.
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Read More on AMWD:
- American Woodmark upgraded to Buy at Loop Capital on higher growth rate
- American Woodmark upgraded to Buy from Hold at Loop Capital
- American Woodmark price target lowered to $98 from $100 at Loop Capital
- American Woodmark price target lowered to $112 from $116 at Baird
- American Woodmark sees FY25 revenue down in low single-digits