Barclays lowered the firm’s price target on Mohawk Industries to $120 from $122 and keeps an Equal Weight rating on the shares. The company is performing well on spending control, productivity, and restructuring savings, but its pressure on price-mix will continue through 2024 with volumes more uncertain, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MHK:
- Early notable gainers among liquid option names on April 26th
- Mohawk Industries sees Q2 adjusted EPS $2.68-$2.78, consensus $2.68
- Mohawk Industries reports Q1 adjusted EPS $1.86, consensus $1.68
- MHK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Mohawk Industries, Inc. Invites You to Join the First Quarter 2024 Earnings Conference Call