Wells Fargo analyst Sam Reid lowered the firm’s price target on Mohawk Industries (MHK) to $105 from $125 and keeps an Equal Weight rating on the shares. The firm notes housing stocks have lagged the SPX by 12 points post Iran war start. With that said, Wells believes the group isn’t fully derisked into Q1, keeping the firm selective across its calendar reporters.
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- Mohawk Industries price target lowered to $96 from $121 at Barclays
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