Analyst Likes Both Mohawk and Armstrong

New York, NY, Nov. 8, 2010 --  Flooring industry analyst Stifel Nicolaus has maintained "buy" ratings on shares of both Mohawk Industries and Armstrong World Industries after the companies reported earnings last week.

Stifel said that Mohawk operations have improved despite weak sales volume and increasing cost pressures.

"We remain impressed with Mohawk's ability to grow earnings despite continued volume declines across many of its end markets," Stifel said.

Stifel also cited "solid execution" with respect to Armstrong and noted the company is planning a special dividend.

After last week's earnings reports, the stocks went in opposite directions, with Mohawk falling and Armstrong rising.

Related Topics:Armstrong Flooring, Mohawk Industries