Morgan Keegan Reiterates “Outperform” on Mohawk, R

New York, NY, May 20--Analysts at Morgan Keegan reiterate their "outperform" rating on Mohawk Industries Inc, while raising their estimates for the company. In a research note published this morning, the analysts mention that Jeffrey Lorberbaum has been promoted to the Chairman of the company’s board. Mohawk Industries' 2005 earnings are likely to be boosted by an increase in the price of its products, the analysts say. The company's shares are attractively valued at present, Morgan Keegan adds. The EPS estimate for FY05 has been raised from $5.89 to $5.98.