Sidoti & Co. Downgrades American Woodmark to Neutral, Raises Price Target to $79
Portfolio Pulse from richadhand@benzinga.com
Sidoti & Co. has downgraded American Woodmark (NASDAQ:AMWD) from Buy to Neutral, while raising the price target from $71 to $79.
July 18, 2023 | 1:33 pm
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NEUTRAL IMPACT
American Woodmark's rating has been downgraded to Neutral from Buy by Sidoti & Co., but the price target has been raised to $79 from $71.
The downgrade to Neutral suggests that Sidoti & Co. sees limited upside potential for AMWD in the near term. However, the raised price target indicates that they still see some value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100