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Fly News Breaks for August 7, 2019
AFI
Aug 7, 2019 | 06:54 EDT
Nomura Instinet analyst Michael Wood lowered his price target for Armstrong Flooring to $8 from $12 after the company reduced its 2019 EBITDA outlook to reflect "soft end market conditions." This is Armstrong's second guidance reduction in as many quarters this year, says the analyst, who keeps a Neutral rating on the shares.
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