Analyst Upgrades Mohawk Industries Stock

New York, NY, July 15, 2009--Mohawk Industries on Tuesday was upgraded by analysts at J.P Morgan, which raised its rating from "underweight" to "neutral."

The analyst maintained its 2009 earnings estimates of 91 cents per share, as well as its $27 price target for the stock.

"If the shares can firm up, we see overhead resistance around the $38-42 price levels. We do not currently rate this non-dividend paying stock, but we do follow the company closely," the firm said.