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BofA Merrill upgraded Mohawk (NYSE:MHK) from Neutral to Buy in a report released today.

Just yesterday Mohawk (NYSE:MHK) traded 1.53% higher at $191.99. Mohawk’s 50-day moving average is $205.77 and its 200-day moving average is $199.70. The last stock price is down -2.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 211,326 shares of MHK traded hands, down from an average trading volume of 486,300

BofA Merrill has upgraded Mohawk (NYSE:MHK) from Neutral to Buy in a report released on 10/12/2016.

Recent Performance Chart

Mohawk (NYSE:MHK)

Mohawk has 52 week low of $148.56 and a 52 week high of $216.58 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $221.71 with 6 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

About Mohawk (NYSE:MHK)

Mohawk Industries, Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company's manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products. Its trademarks include American Olean, Bigelow, Lees, Quick-Step and Unilin.

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