BofA analyst Rafe Jadrosich raised the firm’s price target on Armstrong World (AWI) to $161 from $159 and keeps a Buy rating on the shares after the company reported Q3 results ahead of the firm’s and Street estimates. Following the beat and raise report, the firm increased its 2024 and 2025 adjusted EPS forecasts by 2% each, the analyst noted.
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Read More on AWI:
- Armstrong World price target raised to $162 from $148 at Truist
- Armstrong World price target raised to $145 from $135 at Loop Capital
- Armstrong World Industries Shows Strong Q3 2024 Growth
- Armstrong World Reports Strong Q3 2024 Financial Growth
- Armstrong World raises FY24 adjusted EPS view to $6.15-$6.25 from $6.00-$6.15