Truist analyst Keith Hughes raised the firm’s price target on Armstrong World (AWI) to $162 from $148 and keeps a Buy rating on the shares after its Q3 earnings beat. The company continues to weather a choppy non-residential market with limited volume pressure, and saw EBITDA growth from Mineral Fiber pricing and surprisingly strong organic sales in the Architectural Specialties segment, the analyst tells investors in a research note.
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Read More on AWI:
- Armstrong World price target raised to $145 from $135 at Loop Capital
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- Armstrong World raises FY24 adjusted EPS view to $6.15-$6.25 from $6.00-$6.15
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