Armstrong World price target raised to $98 from $84 at Loop Capital

Loop Capital raised the firm’s price target on Armstrong World to $98 from $84 and keeps a Hold rating on the shares as part of a broader research note on Building Products names. The firm states that it is predisposed to be positive single family new residential construction while noting that commercial demand should also begin to improve in the second half of the year after bottoming in the first half. Larger ticket remodeling should similarly improve later in the year if existing home turnover gets better, the analyst tells investors in a research note.