Mohawk Upgraded to Outperform

New York, NY, February 27--Analysts at Morgan Keegan upgrade Mohawk Industries Inc., to "outperform," while reducing their estimates for the company. In a research note published on February 24, the analysts mention that the company has posted its Q4 operating EPS ahead of the estimates. Mohawk Industries has issued its EPS guidance for Q1 at $1.17-$1.26, as compared to the estimate of $1.33. The current valuation of the company's stock is attractive, Morgan Keegan adds. The EPS estimate for FY06 has been reduced from $6.84 to $6.55.