Armstrong World price target raised to $190 from $158 at Loop Capital

Loop Capital raised the firm’s price target on Armstrong World (AWI) to $190 from $158 and keeps a Hold rating on the shares. The company’s earnings “impressed” with its market share gains and margin upside, the analyst tells investors in a research note. The stock’s move is warranted as Armstrong World is demonstrating strong financial growth in a down market driven by share gains, innovation, product integration, strong price/cost performance, and accretive M&A, the firm added.