Morgan Keegan Raises Mohawk Estimates

New York, NY, July 23, 2006-- Analysts at Morgan Keegan maintained their "outperform" rating on Mohawk Industries, while raising their estimates for the company.

In a research note published on July 20, the analysts mention that the company's second-quarter results beat estimates and the consensus. The company has issued its operating earnings guidance for the third quarter at $1.61-$1.70 per share, in line with the consensus.

The operating earnings estimates for FY07 and FY08 have been raised from $6.42 to $6.44 and from $6.85 and $7.07, respectively