KeyBanc Capital Markets Initiates Mohawk Industries Coverage; Hold Rating

KeyBanc Capital Markets initiated coverage of Mohawk Industries MHK with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, " MHK is well positioned for the eventual pick-up in U.S. residential flooring demand, driven by rising home sales linked to price appreciation, but tepid job growth and input cost inflation limit upside near term." Shares of Mohawk Industries closed today at $57.91, down 0.63% from Wednesday's market close.