SunTrust Analysts Downgrade Armstrong

New York, NY, Oct. 2, 2008--Analysts at SunTrust Robinson Humphrey downgraded Armstrong World Industries Inc from "buy" to "neutral," while reducing their estimates for the company.

In a research note, the analysts mention that the company’s comments indicate a special dividend significantly below the one suggested earlier this year. The commercial markets in the US and Europe are likely to deteriorate more strongly and quickly than previously expected, the analysts say. The EPS estimate for 2009 has been reduced from $2.21 to $1.77.