Raymond James Maintains Mohawk’s Rating

New York, NY, June 17--Analyst Sam Darkatsh of Raymond James has maintained his "market perform" rating on Mohawk Industries. In a research note published yesterday, the analyst mentioned that Mohawk Industries is likely to have witnessed continued sluggishness in its broadloom carpet retail markets through 2Q04. The company’s performance is likely to be adversely impacted by persisting pricing pressures until 4Q04, Raymond James said. The EPS estimates for 2Q04 and 3Q04 have been reduced from $1.34 to $1.27 and from $1.48 to $1.43, respectively.