Earnings and a Bullish Upgrade Sent This Flooring Company's Stock Flying

Flooring manufacturer Mohawk Industries reported second-quarter revenue and earnings in line with analysts' expectations. Meanwhile, Bank of America analysts upgraded the stock to "buy" from "underperform," lifting their share-price target. The stock jumped Friday, pulling its year-to-date gain above 50%. Mohawk's stock, which rose nearly 20% on Friday, jumped after the flooring manufacturer reported secondquarter EPS of $2.46 and net sales of $2.8 billion, in line with analysts' expectations, per Visible A ...