Wells Fargo lowered the firm’s price target on Mohawk Industries (MHK) to $135 from $140 and keeps an Equal Weight rating on the shares. The firm says that amidst late 2024 pessimism, the builder/product playbook for 2025 is complicated. Its strategy is to lean into attractively valued quality; opportunities to move up the risk curve “will eventually materialize but not quite yet.”
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Read More on MHK:
- Mohawk Industries price target lowered to $141 from $146 at Barclays
- Mohawk Industries price target lowered to $180 from $185 at Loop Capital
- Mohawk Industries COO Chris Wellborn to retire, Paul De Cock to succeed
- Mohawk Announces Leadership Changes and New Appointments
- Mohawk Industries price target lowered to $155 from $184 at Truist
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