Armstrong World price target raised to $145 from $135 at Loop Capital

Loop Capital raised the firm’s price target on Armstrong World (AWI) to $145 from $135 and keeps a Hold rating on the shares. The company reported another solid quarter underpinned by Architectural Specialties sales growth and Mineral Fiber margin expansion as it continued its strong recent track record, which has seen the stock become one of the best performers within the firm’s coverage this year, the analyst tells investors in a research note. Visibility towards compounding earnings growth is improving and the margin improvement experienced over the last 2 years “look sustainable”, the firm added.