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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 08:48 EDT
Sidoti analyst Julio Romero upgraded American Woodmark to Buy from Neutral with a price target of $108, down from $111. The stock is down 25% since the company's report of results on February 25 and while he has lowered his estimates to incorporate the further costs stemming from particleboard supply disruption, as well as Section 301 tariffs, Romero believes the issues that caused the company to lower its outlook for FY20 are largely transient and should dissipate by the second half of FY21.
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