Raymond James Reiterates Mohawk’s “Market Perform"

New York, NY, July 6--Analyst Sam Darkatsh of Raymond James reiterates his "market perform" rating on Mohawk Industries. In a research note published this morning, the analyst mentions that the company has announced plans to acquire Belgium-based laminate flooring manufacturer Unilin Holding. The acquisition would enable Mohawk Industries to expand its business in the near future, the analysts believe. The acquisition, however, raises execution and investor risks surrounding the company, Raymond James says.