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UPDATE: Mohawk Industries Receives Rating Boost from JP Morgan

Related MHK
UPDATE: Mohawk Downgraded by Raymond James Following Earnings; Shares Rally Back
Earnings Scheduled For February 20, 2014

Monday morning's rating reports included an upgrade by JP Morgan for Mohawk Industries (NYSE: MHK). Analyst Michael Rehaut upgraded MHK from Neutral to Overweight, upping price target from $150 to $170.

Rehaut noted, "While we are certainly 'late to the party' in the name - up 65% in 2013 vs. our larger-cap building products universe up 25% (S&P: +30%) - at the same time, we believe further solid upside exists due to several factors."

MHK closed Friday at $141.36 and currently trading at the $144 mark.

Posted-In: News Upgrades Price Target Markets Analyst Ratings

 

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