Morgan Keegan Maintains Mohawk’s “Market Perform"

New York, NY, December 13, 2007--Analysts at Morgan Keegan reiterated their "market perform" rating on Mohawk Industries Inc , while reducing their estimates for the company.

In a research note, the analysts mention that the company’s margins are likely to come under pressure during the fourth quarter and 2008 due to declining industry volumes, inventory correction and rising cost of raw materials. Mohawk Industries is likely to face difficulties in implementing price hikes due to the unfavorable demand environment, the analysts say.

The earnings per share estimates for 2007and 2008 have been reduced from $6.26 to $6.22 and from $6.49 to $6.41, respectively.