Analyst Adjusts Estimates for Armstrong

New York, NY, Dec. 14, 2010 -- Analyst Stifel Nicolaus has raised its 2011 EBITDA estimates for Armstrong World to reflect increased confidence in the commercial end markets along with the company's goal of cutting $150 million in expenses.

At the same time, due to higher interest expense, Stifel has lowered its earnings per share estimates for Armstrong next year from $2.31 to $2.19.

Stifel has a "buy" rating on Armstrong stock.