Evercore ISI raised the firm’s price target on Armstrong World to $117 from $84 and keeps an In Line rating on the shares. Armstrong delivered “solid” Q4 results and “an encouraging FY24 guide,” says the analyst, who lifted the firm’s FY24 and FY25 EPS estimates following the Q4 report.
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Read More on AWI:
- Armstrong World Q4 and Full Year 2023 Financial Results Webcast
- Armstrong World sees FY24 adjusted EPS $5.60-$5.90, consensus $5.61
- Armstrong World reports Q4 adjusted EPS $1.22, consensus $1.04
- Armstrong World Declares Quarterly Dividend, Signals Financial Health
- Armstrong World price target raised to $110 from $88 at BofA
