UPDATE: Armstrong Flooring (AFI) Tops Q4 EPS by 6c, Miss on Revenues; Offers FY18 EBITDA Outlook
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Armstrong Flooring (AFI) PT Lowered to $16 at Macquarie
March 7, 2018 7:12 AM ESTMacquarie lowered its price target on Armstrong Flooring (NYSE: AFI) to $16.00 (from $18.00) while maintaining a Neutral rating following the company's 4Q. Management issued guidance for FY18 adjusted EBITDA of $70-80m vs. consensus of $75m
Macquarie lowered FY18 EPS estimates to $0.36 from $0.46 and FY19 estimates to $0.59 from $0.67 due to FY18 guidance.
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