Analyst Maintains 'Buy' Rating on Armstrong

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.