Baird analyst Timothy Wojs maintains $American Woodmark (AMWD.US)$ with a buy rating, and adjusts the target price from $115 to $118.
According to TipRanks data, the analyst has a success rate of 60.8% and a total average return of 11.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $American Woodmark (AMWD.US)$'s main analysts recently are as follows:
American Woodmark reported slightly better Q2 results compared to expectations but provided a narrower outlook for FY25 citing macroeconomic uncertainties for the latter half of its fiscal year. The analysis emphasizes that trends in the company's performance are reaching a low point. The only significant new update is a potential delay in recovery due to factors such as escalating mortgage rates, inflation, and diminishing consumer confidence.
Despite current market volatility and a weaker macroeconomic environment being the main detractors, the attractive long-term earnings potential remains unchanged, with ongoing challenges in renovation and remodelling activities and a slowdown in new construction completions.
Note:
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