Armstrong World price target raised to $162 from $160 at BofA

BofA raised the firm’s price target on Armstrong World (AWI) to $162 from $160 and keeps a Buy rating on the shares. Following a Q1 beat and the company holding guidance, the firm views Armstrong as relatively well positioned in a challenging macro environment and notes the stock is “only trading at a slight premium to its long-term average with potential earnings upside.”