American Woodmark price target raised to $112 from $104 at Loop Capital

Loop Capital raised the firm’s price target on American Woodmark to $112 from $104 and keeps a Hold rating on the shares as part of a broader research note on Building Products. Cabinet names remain “relative value plays” as one of a select group of building products categories that are not trading at the upper end of historical valuations, the analyst tells investors in a research note. The firm’s price target for the group goes higher towards the middle of an average valuation range in anticipation of improving sales growth later this year and into 2025, Loop Capital added.