Deutsche Bank analyst Joe Ahlersmeyer raised the firm’s price target on Mohawk Industries to $98 from $90 and keeps a Hold rating on the shares. For building products, the firm again sees the year ahead favoring stock selection, and again recommends investors start 2024 with a positive bias toward residential construction exposure and the distributor business model. The analyst reiterates Top Picks TopBuild (BLD), Builders FirstSource (BLDR) and Core & Main (CNM), and adds Beacon (BECN) to Top Picks in recognition of consistent progress on its initiatives and a belief that the roofing category will continue to deliver in 2024.
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Read More on MHK:
- Mohawk Industries price target lowered to $98 from $105 at Truist
- Mohawk Industries price target lowered to $125 from $130 at Loop Capital
- Mohawk Industries price target lowered to $90 from $128 at Deutsche Bank
- Mohawk Industries sees Q4 adjusted EPS $1.80-$1.90, consensus $2.12
- Mohawk Industries reports Q3 adjusted EPS $3.34, consensus $2.66