Armstrong Shares Downgraded but Consensus is Positive
New York, NY, Aug. 25, 2014 -- Despite a downgrade to "underperform" by analyst Zacks, shares of Armstrong World Industries have been given a consensus rating of “buy” by the dozen ratings firms that are currently covering the stock.
Three other analysts have issued a hold rating and eight have given a buy rating to the company.
Earlier in August, JPMorgan Chase & Co. upgraded shares to a "neutral" while Deutsche Bank reiterated a “buy” rating.
Shares of the firm have attracted increased interest lately by investment firms, which have stepped up purchases.
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