Goldman Sachs Starts Armstrong World Industries (AWI) at Neutral

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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, with a 52 week range of $38.08-$59.78.

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