Loop Capital upgraded American Woodmark to Buy from Hold with a price target of $119, up from $98, as part of a broader research note on Cabinets. The firm is citing its Q3 survey of cabinet manufacturers and dealers reporting an improvement in growth rates across sales and outlook metrics, adding that it now believes that the big-ticket remodel cycle – under pressure for six quarters – is bottoming, the analyst tells investors in a research note. American Woodmark has an especially good set-up with its higher relative exposure to new construction, Loop added.
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Read More on AMWD:
- 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
- American Woodmark reports Q1 adjusted EPS $1.89, consensus $2.40
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