UPDATE: Mohawk Industries Receives Rating Boost from JP Morgan

Monday morning's rating reports included an upgrade by JP Morgan for Mohawk Industries 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.