By: Benzinga
UPDATE: Citigroup Initiates Armstrong World Industries at Neutral on Valuation
Citigroup initiated coverage on Armstrong World Industries Inc (NYSE: AWI ) with a Neutral rating and a $54.00 price target. Citigroup noted, "We rate Armstrong World Industries (AWI) shares Neutral, as our target price implies fair valuation. While we note that current 2012-13 comparable multiples for AWI appear attractive, our
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