SunTrust Analyst Likes Armstrong Stock

Atlanta, GA, January 8, 2008--SunTrust Robinson Humphrey initiated coverage on Armstrong World Industries (NYSE: AWI) with a buy rating and a $48 price target.

The firm said that Armstrong's has a lack of debt on its balance sheet and that it could announce a recapitalization or large one-time cash dividend, which could add as much as 25 percent to the company's value.

Also, SunTrust said it recently heard speculation that Armstrong could be bought outright by Berkshire Hathaway (NYSE: BRKA).

Print the Article