Truist lowered the firm’s price target on Mohawk Industries (MHK) to $148 from $155 and keeps a Buy rating on the shares. The stock had fallen despite Q4’s better than expected results as its Q1 guidance was short of estimates amid previously announced ERP systems issues, fewer days and negative currency, the analyst tells investors in a research note. There may be early signs of a demand turn, but it will need to get stronger to push up estimates, the firm added.
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