Armstrong World Industries Inc (AWI) Receives Price Target

Armstrong World Industries Inc (AWI) : 4 investment research analysts covering Armstrong World Industries Inc (AWI) have an average price target of $48.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $47 for the short term. Analysts expect the variance to be within $1.5 of the average price.

Armstrong World Industries Inc (AWI) : Zacks Investment Research ranks Armstrong World Industries Inc (AWI) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.8, which indicates as a Buy.


Also, KeyBanc upgrades its rating on Armstrong World Industries Inc (NYSE:AWI). Analysts at the KeyBanc have a current rating of Overweight on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on August 5, 2016.

Armstrong World Industries Inc (NYSE:AWI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.36 and $43.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.50, notching a gain of 0.07% for the day. The total traded volume was 239,671 . The stock had closed at $43.47 on the previous day.

Armstrong World Industries, Inc. is a producer of flooring products and ceiling systems for use in the construction and renovation of residential, commercial and institutional buildings. The Company operates in four segments: Building Products, which produces suspended mineral fiber, soft fiber and metal ceiling systems for use in commercial, institutional and residential settings; Resilient Flooring, which produces and sources a range of floor coverings for homes and commercial and institutional buildings and Wood Flooring segment produces and sources wood flooring products for use in new residential construction and renovation, with commercial applications in stores, restaurants and high-end offices. Its brands include Armstrong, Alterna, BBT, BioBased Tile, BioGuard, Bruce, Cirrus, Dune, Excelon, Huiyi, Imperial, Initiator, Laurel, Luxe Plank, Medintech, MetalWorks, Optima, Perla, Plano, Stonetex, Station Square, ToughGuard, Ultima and WoodWorks, among others.

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