Market Overview

JPMorgan Starts Armstrong World Industries At Neutral, But Decreases Price Target

JPMorgan Starts Armstrong World Industries At Neutral, But Decreases Price Target

JPMorgan's Jason Marcus initiated Armstrong World Industries Inc (NYSE: AWI) at Neutral and changed the company's price target from $50.00 to $45.00. The price change came in response to the company's spinoff of Armstrong Flooring Inc (NYSE: AFI) as of three months ago.

Marcus noted that although he viewed the spinoff "positively," Armstrong World Industries' "international markets should remain challenged this year." Additionally, the analyst pointed to a "favorable ceilings industry structure" resulting in "positive pricing [...] and margin expansion" in the future.

Related Link: Goldman Concerned Over Retail Stocks, Where To Park The Money

However, on a North American basis, the Morgan Stanley analyst noted that "construction industry indicators have been mixed over the last six months," which could threaten volume growth beyond 2016.

As a result of the mixed analysis, Morgan Stanley estimates a FY16 EPS of $0.32.

Latest Ratings for AWI

Nov 2020Goldman SachsDowngradesBuyNeutral
Oct 2020Credit SuisseMaintainsNeutral
Oct 2020B of A SecuritiesDowngradesBuyNeutral

View More Analyst Ratings for AWI
View the Latest Analyst Ratings


Related Articles (AWI)

View Comments and Join the Discussion!

Posted-In: Jason Marcus JPMorganAnalyst Color Long Ideas Price Target Initiation Analyst Ratings Trading Ideas

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at