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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:23 EDTAWIArmstrong World upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Armstrong World citing an improving outlook for nonresidential construction. The firm expects sentiment to improve for the name and upped its price target for shares to $67 from $60.
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August 1, 2014
09:50 EDTAWIArmstrong World rises after ValueAct reports 16.8% stake
Shares of Armstrong World are moving higher after ValueAct Capital reported owning 9.2M shares of the flooring products producer, equaling a 16.8% stake. ValueAct's stake allows for talks with management. Shares of Armstrong are up 7%, or $3.51, to $52.19 in early trading.
July 29, 2014
10:00 EDTAWIOn The Fly: Analyst Downgrade Summary
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07:15 EDTAWIArmstrong World downgraded to Buy from Conviction Buy at Goldman
Goldman removed Armstrong World from the Conviction Buy List citing the disappointing outlook for non-residential spending following upbeat commentary at the May analyst day. Shares remain Buy rated with a $60 price target, down from $68.
July 28, 2014
10:30 EDTAWIArmstrong World falls as Q2 EPS, revenue miss expectations, guidance disappoints
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07:12 EDTAWIArmstrong World sees FY14 adjusted EPS $2.15-$2.40, consensus $2.60
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07:08 EDTAWIArmstrong World sees Q3 revenue $740M-$780M, consensus $758.99M
Sees Q3 adjusted EBITDA $110M-$130M.
07:06 EDTAWIArmstrong World reports Q2 EPS 38c, may not compare to consensus 66c
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