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Rating: AWI
Hold $60

Armstrong World Industries Inc (NYSE: AWI) reiterated to Hold with price target $60 by Gabelli & Co

Monday,  Dec 15, 2014  10:25 AM ET by Lynn Gilbert

Gabelli & Co reiterated Armstrong World Industries Inc (NYSE: AWI) to Hold with price target $60. Previously, Gabelli & Co
rated Armstrong World Industries Inc (NYSE: AWI) to Hold on 05/05/2014, when the stock price was valued at $52.41. Since then, Armstrong World Industries Inc's stock price has lost 6% as of 12/15/2014's recent price of $49.19.

Armstrong World Industries, Inc. (AWI) is a global producer of flooring products and ceiling systems for use primarily in the construction and renovation of commercial, institutional and residential buildings. Through its United States operations and United States and international subsidiaries, AWI designs, manufactures and sells flooring products (primarily resilient and wood flooring) and ceiling systems (primarily mineral fiber, fiberglass and metal) around the world. The Company also designs, manufactures and sells kitchen and bathroom cabinets in the United States. The Company operates in four business segments: Resilient Flooring, Wood Flooring, Building Products and Cabinets. On February 18, 2008, AWI acquired the assets of Bowmans Australia Pty Ltd.

Gabelli & Co is a well-known diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Management Inc, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. The company's asset management businesses are supported by Gabelli & Company, Inc., an institutional broker/dealer. Gabelli & Company, Inc. distributes the mutual funds managed by Gabelli Funds and publishes investment research which is one of the key elements of GAMCO Investors, Inc.'s success. In addition through its subsidiary Gabelli Securities, Inc., the Company serves as general partner or investment manager in a number of limited partnerships with varying investment objectives.

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