Goldman Sachs Starts Armstrong World Industries (AWI) at Neutral

January 17, 2013 9:11 AM EST Send to a Friend
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Price: $50.60 -0.22%

Rating Summary:
    6 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 28 | New: 36
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Goldman Sachs initiates coverage on Armstrong World Industries (NYSE: AWI) with a Neutral. PT $54.00.

While the company has an attractive end market, with 70% exposure to commercial construction, incremental margins have peaked as cost-cutting initiatives have and ended and SG&A should grow, according to the firm.

For an analyst ratings summary and ratings history on Armstrong World Industries click here. For more ratings news on Armstrong World Industries click here.

Shares of Armstrong World Industries closed at $52.94 yesterday.


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