Loop Capital lowered the firm’s price target on Mohawk Industries (MHK) to $155 from $180 but keeps a Buy rating on the shares. The firm cites the company’s report of an SAP implementation issue that is likely to mute EPS growth in 2025 in reducing its price target adding however that Mohawk has also characterized industry demand as “at the bottom of this cycle”, the analyst tells investors in a research note. Loops believes that price/mix should become “less of a negative” for the next few quarters.
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Read More on MHK:
- Mohawk Industries price target lowered to $148 from $155 at Truist
- Mohawk Industries price target lowered to $152 from $160 at Baird
- Mohawk Industries price target lowered to $156 from $161 at JPMorgan
- Mohawk Industries price target lowered to $150 from $152 at BofA
- Cautious Hold Recommendation for Mohawk Amid Operational and Market Challenges
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