Analyst Says Armstrong Is a 'Top Pick'

New York, NY, March 22, 2011 -- RBC Capital Markets raised its rating on Armstrong World Industries to a "top pick."

RBC's Robert Wetenhall Jr. also raised his price target for the stock to $50 from $47.

Wetenhall said he expects Armstrong will achieve its international growth objectives and cost-reduction targets.

He noted the company is on course to improve its profit margin by cutting $115 million in costs from its operations over the next two years.