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Fly News Breaks for February 25, 2020
AWI
Feb 25, 2020 | 08:02 EDT
SunTrust analyst Keith Hughes raised his price target on Armstrong World to $120 and kept his Buy rating after its Q4 earnings beat, even though it was mostly driven by interest expense and taxes, along with the management's FY20 guidance that was slightly above consensus. While the earnings call commentary suggested a slow 2020 start for Armstrong World, the analyst remains positive on the company's outperformance in spite of the "modest" commercial environment.
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