Stifel Maintains Buy on Mohawk, Reduces Estimates

New York, NY, November 20, 2007-- Analysts at Stifel Nicolaus & Company maintain their "buy" rating on Mohawk Industries Inc., while reducing their estimates for the company. The target price is set to $180.

In a research note published this morning, the analysts mention that weakness in the housing sector is likely to continue through the end of 2008. The analysts expect the company to generate about $8 in free cash flow per share in 2008, excluding acquisitions. The earnings per share estimates for 2007 and 2008 have been reduced from $6.23 to $6.21 and from $6.50 to $6.15, respectively.