Wells Fargo analyst Sam Reid lowered the firm’s price target on Mohawk Industries (MHK) to $130 from $140 and keeps an Equal Weight rating on the shares. The firm is neutral post Mohawk’s Q3 call and really doesn’t see any reason to get excited either way. More cost saves are coming but it doesn’t sound like tariff price is as sticky as hoped and demand isn’t really improving, Wells argues.
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