Stifel analyst John Baugh says Mohawk has traded off in recent sessions in response to oil's move upwards, and views this as a trading window or a chance to initiate a long-term position in the stock. The analyst notes that the company has announced a price increase in carpet of 3%-5%, and says he believes the move in oil will make it easier for Mohawk to push through a larger portion of this pricing. Baugh points out that typically only a portion of an announced price increase is achieved and the timing of this move in oil is actually "ideal" as it will make these always difficult discussions with certain key customers somewhat less difficult. He reiterates a Buy rating and $230 price target on the shares.