Anayst Downgrades Mohawk Stock

New York, NY, Aug. 12, 2009--Mohawk Industries was downgraded Tuesday by analysts at Pali Research.

The analysts reduced Mohawk to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $16.97 to a high of $75.26.

The firm said technical indicators for the stock are bearish and S&P gives Mohawk a sell ranking.