Armstrong World price target raised to $163 from $145 at Loop Capital

Loop Capital raised the firm’s price target on Armstrong World (AWI) to $163 from $145 and keeps a Hold rating on the shares after its Q4 earnings beat. The company offered one of the stronger outlooks during this earnings season among peers, and its playbook of growing Mineral Fiber margin without much volume is working as Average Unit Value growth offsets cost inflation, the analyst tells investors in a research note. Loop adds it is impressed with Armstrong’s execution in a tough market over the last two years.