5 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

04. American Woodmark Corporation (NASDAQ:AMWD)

Price Reaction after the Upgrade: +1.36 (+1.89%)

American Woodmark Corporation (NASDAQ:AMWD) was founded in 1980 and is headquartered in Winchester, Virginia. It is based in the United States that specializes in creating and distributing various products for kitchen, bath, office, home organization, and hardware needs. These products are used for both remodeling and constructing new homes. The company offers products that can be customized according to specific orders and items that can be purchased immediately. They also provide installation services to their direct builder customers through a network of service centers. The company’s products are sold under several brands, including American Woodmark, Timberlake, Shenandoah Cabinetry, Waypoint Living Spaces, Estate, Stor-It-All, and Professional Cabinet Solutions. Additionally, they market their products through various channels, including home centers, builders, independent dealers, and distributors. On August 18, 2023, Zelman & Assoc upgraded their outlook for American Woodmark Corporation (NASDAQ:AMWD) from Hold to Buy.

Their decision to shift their outlook from “Hold” to “Buy” indicates a comprehensive reevaluation of American Woodmark Corporation’s potential for growth and value creation. By upgrading their outlook, Zelman & Associates is essentially expressing their belief that American Woodmark Corporation’s prospects have improved and that the stock now presents an attractive investment opportunity.