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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 08:35 EDT
Loop Capital analyst Garik Shmois initiated coverage of Armstrong World with a Sell rating and $93 price target. The analyst warns that the company's exposure to the slower part of the construction cycle could put its recent multiple gains at risk and further points to the weaker leading market indicators that are likely to be reflected in slower 2020 revenue growth.
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