Loop Capital analyst Laura Champine raised the firm’s price target on Mohawk Industries to $110 from $95 but keeps a Hold rating on the shares. The analyst is citing her higher long-term margin estimates, with raw materials and logistics costs reverting to historical norms. Champine adds however that she remains on the sidelines on Mohawk Industries shares amid rising interest rates given the significant risk that this will impact demand more than she is currently modeling over the next several quarters.
Published first on TheFly
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