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Fly News Breaks for April 30, 2019
AWI
Apr 30, 2019 | 09:01 EDT
SunTrust analyst Keith Hughes raised his price target on Armstrong World to $95 after its Q1 earnings beat from "strong pricing realization" and a lower tax rate. The analyst adds that while volumes were light in the quarter, the company's management maintained its volume outlook on expected "recapture" of weather-related pressure in Q1. Hughes believes that the commercial growth story for Armstrong World is still "intact", keeping his Buy rating on the stock.
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