BofA analyst Rafe Jadrosich lowered the firm’s price target on Armstrong World (AWI) to $160 from $168 and keeps a Buy rating on the shares. The firm lowered 2025 and 2026 forecasts for the building products names under its coverage by about 4% and 6%, respectively, on average to reflect weaker renovation and remodel spending, slower new construction and potential tariffs impacts, noting that it also lowered price targets among the group by about 17% on average.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AWI:
- Armstrong World Appoints Mark Hershey as COO
- Armstrong World Highlights 2024 Success in Investor Update
- Armstrong World price target raised to $180 from $163 at Goldman Sachs
- Armstrong World price target raised to $175 from $162 at Truist
- Armstrong World price target raised to $163 from $145 at Loop Capital