Analysts revised their estimates for Mohawk Industries — global flooring manufacturer focused on the production of carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring — significantly higher for both 2013 and 2014 off the first quarter beat, sending the stock to a Zacks Rank #1 (Strong Buy). Based on current consensus estimates, analysts expect excellent growth from Mohawk over the next couple of years. With valuation still at reasonable levels, shares of Mohawk offers strong upside potential, writes Forbes.
Housing market boosts Mohawk estimates
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