Evercore ISI analyst Stephen Kim upgraded Armstrong World to In Line from Underperform with a price target of $80, down from $84. The analyst, who is generally reducing his FY23 earnings estimates for the home products makers, raised his rating on Armstrong despite his lower target citing the stock’s relative value following last year’s underperformance in the shares.
Published first on TheFly
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- Armstrong World price target lowered to $99 from $113 at Deutsche Bank
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- Armstrong World downgraded to Hold from Buy at Jefferies
