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Evercore Maintains Armstrong World Industries(AWI.US) With Hold Rating, Raises Target Price to $140

Futu News ·  Oct 30 20:31  · Ratings

Evercore analyst Stephen Kim maintains $Armstrong World Industries (AWI.US)$ with a hold rating, and adjusts the target price from $117 to $140.

According to TipRanks data, the analyst has a success rate of 67.0% and a total average return of 18.7% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Armstrong World Industries (AWI.US)$'s main analysts recently are as follows:

  • Following a quarterly report that surpassed both the company's and the broader market's expectations, projections for the company's adjusted earnings per share in 2024 and 2025 have been revised upward, reflecting a moderate enhancement of approximately 2% for each year.

  • The company delivered another robust quarter, driven by growth in Architectural Specialties sales and an expansion in Mineral Fiber margins, continuing its impressive performance track record. The visibility toward sustained earnings growth is becoming clearer, and the margin enhancements achieved over the past two years appear to be maintainable.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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