Armstrong World price target raised to $180 from $163 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Armstrong World (AWI) to $180 from $163 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm was impressed by the progress of company-specific initiatives to drive organic volumes and AUV – Average Unit Value – despite ongoing end-market weakness, the analyst tells investors in a research note. Efforts to expand the Architectural Specialty EBITDA margin to the targeted 20% are also coming through as recent acquisitions are fully integrated along with a careful eye to costs across the company, the firm added.