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Fly News Breaks for November 12, 2018
AWI
Nov 12, 2018 | 06:53 EDT
As previously reported, BofA/Merrill upgraded Armstrong World to Neutral from Underperform and increased its price target to $75 from $63. Analyst John Lovallo said said Armstrong World deserves a higher multiple following the spin-off of Armstrong Flooring in April 2016 and is positive on the company's capital deployment strategy including buybacks, a recently initiated dividend, and tuck-in M&A.
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