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Fly News Breaks for December 6, 2019
AWI
Dec 6, 2019 | 05:19 EDT
Goldman Sachs analyst Susan Maklari initiated coverage of Armstrong World with a Buy rating and $112 price target. The analyst also added the shares to her firm's Conviction List. She says her "out-of-consensus call" is based on expectations for additional revenue and margin gains as tight office capacity allows for new supply to be readily absorbed. Maklari also highlights positive industry dynamics and Armstrong's "significant" market share, which allows for consistent pricing.
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