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.
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:
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