American Woodmark price target raised to $118 from $115 at Baird

Baird analyst Timothy Wojs raised the firm’s price target on American Woodmark (AMWD) to $118 from $115 and keeps an Outperform rating on the shares. The firm said there is no change to its attractive long-term earnings power despite near-term market choppiness as weaker macro remains the primary culprit, with still-challenged R&R activity and moderating new construction completions.