Barclays Maintains an 'Overweight' on Mohawk Industries (MHK); Raising Estimates After Impressive Q1

Barclays maintains an 'Overweight' on Mohawk Industries (NYSE: MHK) price target raised from $72 to $85.

Analyst, Stephen Kim, said, "In contrast to many of its building product peers, we were impressed with Mohawk's ability to exceed expectations despite a tough operating environment."

Highlighting volumes, price increases and productivity, Kim raises FY12 EPS estimate from $3.58 to $3.81 and FY13 from $4.62 to $4.79.

For an analyst ratings summary and ratings history on Mohawk Industries click here. For more ratings news on Mohawk Industries click here.

Shares of Mohawk Industries closed at $73.52 yesterday.

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