Mohawk Industries (MHK) Gets An Upgrade

By Benzinga Staff
December 17, 2009 2:53 PM

Symbols: MHK

Posted in: Upgrades, Analyst Ratings

JPMorgan upgraded its rating for Mohawk Industries, Inc. (NYSE: MHK)(FREE stock trend analysis) from Neutral to Overweight and its price target from $37 to $53.50.

The upgrade was attributed to Mohawk’s recent underperformance after issuing the 4Q guidance below consensus and JPMorgan’s 2010E EPS of $2.30, which is well above the consensus estimate of $2.00. The stock is currently trading at $48.58.

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Mohawk Industries (MHK) Gets An Upgrade

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