Stifel Nicolaus Upgrades Mohawk

New York, NY, May 31, 2007--Stifel Nicolaus has upgraded Mohawk Industries from Hold to Buy with a $180 price targe, according to Street Insider.

The StreetInsider.com website quoted analyst John A. Baugh as saying, "The Unilin business' surprise performance has caused us to reevaluate our rating. In our opinion, the strength of the company's Unilin flooring business has essentially put a bottom to Mohawk's earnings this cycle in the $6.50 per share area."