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Fly News Breaks for June 18, 2019
AWI
Jun 18, 2019 | 09:41 EDT
SunTrust analyst Keith Hughes raised his price target on Armstrong World to $109 and kept his Buy rating, saying that while the company's relative faster growth has made the stock a "best performer" in his coverage universe, there is more room to grow its valuation. The analyst cites the company's "group leading margins" and believes that Armstrong World possesses the characteristics of higher multiple companies, with organic growth rate trending toward the higher end of his coverage group.
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