BofA analyst Rafe Jadrosich lowered the firm’s price target on Mohawk Industries (MHK) to $150 from $152 and keeps a Buy rating on the shares. Mohawk reported Q4 EPS ahead of the firm’s forecast, but provided Q1 EPS guidance that was well below consensus due to an ERP disruption in Flooring North America, notes the analyst, who lowered the firm’s 2025 and 2026 EPS estimates by 3% each to reflect a weaker revenue environment and more energy cost inflation.
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Read More on MHK:
- Mohawk Industries price target lowered to $125 from $130 at Barclays
- Mohawk Industries: Poised for Growth Amid Challenges with Attractive Valuation and Market Share Gains
- Mohawk Industries Reports Steady Q4 Financial Performance
- Mohawk Industries Faces 2024 Challenges, Eyes Recovery
- Mohawk Industries reports Q4 adjusted EPS $1.95, consensus $1.85
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