Armstrong World price target raised to $230 from $195 at Truist

Truist analyst Keith Hughes raised the firm’s price target on Armstrong World (AWI) to $230 from $195 and keeps a Buy rating on the shares after meeting with its management team. The same formula that has driven Armstrong over the past few years should continue to be one of the best earnings growth stories in the group, driven by multi-family Average Unit Value, the analyst tells investors in a research note. The company’s organic and acquisition growth, coupled with margin gains, should continue into the future, the firm added.