American Woodmark down as Jefferies sees headwinds from raw material inflation

American Woodmark

30/08/2021 17:25

** Shares of kitchen cabinet maker  AMWD.O  down 1.79% at
$81.01 after Jefferies cut PT by $8 to $95 ahead of Q1 earnings 
    ** Brokerage cites risk that EBITDA could come in below
sell-side estimates driven by accelerating raw material
inflation
    ** Even though co's stock has pulled back since Q4 results,
brokerage believes the stock could still face pressures on the
results
    ** Co is scheduled to report Q1 results on Aug. 31 
    ** Of 5 brokerages, 3 rate the stock "buy" or higher, and 2
"hold"; their median PT is $97.5- Refinitiv data
    ** Stock down ~14% so far this year

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))