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Fly News Breaks for November 9, 2018
AWI
Nov 9, 2018 | 08:26 EDT
SunTrust analyst Keith Hughes raised his price target on Armstrong World to $85 and kept his Buy rating after the company's Analyst Day. The analyst notes that the presentation "highlighted moves to continue mix growth in mineral fiber with new introductions, deeper penetration into Specialty and technology adds for designers". Hughes adds that Armstrong World's commercial focus is a group "sweet spot" while also keeping a positive view based on its maintained outlook for 5%-10% revenue gains and improving margins.
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