Barclays lowered the firm’s price target on Mohawk Industries (MHK) to $146 from $161 and keeps an Equal Weight rating on the shares. The firm says “sluggish” end market volumes, pricing pressure, mix-down and hurricane headwinds will weigh on the company’s earnings through 2024 while a volume recovery in 2025 is dependent on interest rate relief.
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Read More on MHK:
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