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Analysts Conflicted on These Materials Names: Mohawk (MHK) and Olin (OLN)

Analysts have been eager to weigh in on the Materials sector with new ratings on Mohawk (MHKResearch Report) and Olin (OLNResearch Report).

Mohawk (MHK)

In a report issued on August 1, Matthew Bouley from Barclays maintained a Sell rating on Mohawk, with a price target of $127.00. The company’s shares closed last Tuesday at $120.03, close to its 52-week low of $114.96.

According to TipRanks.com, Bouley is a 5-star analyst with an average return of 17.6% and a 59.6% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, SiteOne Landscape Supply, and Hillman Solutions.

Currently, the analyst consensus on Mohawk is a Hold with an average price target of $137.00, which is a 10.8% upside from current levels. In a report issued on August 1, RBC Capital also maintained a Sell rating on the stock with a $101.00 price target.

See today’s best-performing stocks on TipRanks >>

Olin (OLN)

In a report issued on August 1, Michael Leithead from Barclays maintained a Hold rating on Olin, with a price target of $57.00. The company’s shares closed last Tuesday at $51.53.

According to TipRanks.com, Leithead is a 3-star analyst with an average return of 4.1% and a 50.5% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Ardagh Metal Packaging.

Currently, the analyst consensus on Olin is a Strong Buy with an average price target of $70.40.

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