Mohawk Industries price target raised to $122 from $100 at Barclays

Barclays analyst Matthew Bouley raised the firm’s price target on Mohawk Industries to $122 from $100 and keeps an Equal Weight rating on the shares. Near-term price pressure remains though could trough in the first half of 2024, the analyst tells investors in a research note. The firm says Mohawk’s rate of volume decline is decelerating but a recovery may be uneven.