Barclays analyst Matthew Bouley raised the firm’s price target on Mohawk Industries to $105 from $83 and keeps an Underweight rating on the shares. The analyst reduced 2023 and 2024 estimates following the company’s Q4 results, reflecting the impacts of softening demand on volume decrementals and the firm’s view of price risk as consumers mix down.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MHK:
- Mohawk Industries Reports Q4 2022 Results
- Mohawk Industries reports Q4 EPS $1.32, consensus $1.32
- Mohawk Industries price target raised to $110 from $95 at Loop Capital
- Mohawk Provides Litigation and Earnings Guidance Update
- Mohawk Industries price target raised to $121 from $104 at Deutsche Bank
Questions or Comments about the article? Write to editor@tipranks.com