Armstrong World price target raised to $175 from $162 at Truist

Truist raised the firm’s price target on Armstrong World (AWI) to $175 from $162 and keeps a Buy rating on the shares. The company’s Q4 results and the mid-point of guidance came in above the Street even though the non-residential operating environment remains choppy in the near-term with an overall flat outlook for multi-family volume in 2025, the analyst tells investors in a research note. Armstrong is headed for “some of the best revenue growth” within its sector coverage, Truist added.