Baltimore, MD, Aug. 9, 2010–Analyst Stifel Nicolaus is maintaining its “buy” rating on Armstrong World Industries, citing “solid execution in a choppy market.”
Armstrong recently reported second quarter earnings per share of $0.56 compared to $0.46 in the year-ago quarter. Revenues increased 3%.
Stifel has a $50 target price. It was trading at $37.50 this morning.
Stifel also noted Armstrong’s intention to expand more rapidly in emerging markets, esepcially China.
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