Raymond James lowered the firm’s price target on Mohawk Industries (MHK) to $130 from $165 and keeps a Strong Buy rating on the shares ahead of the Q1 results. The firm lowered its estimates for both the second half of 2025 and 2026 to better account for volume risks from indirect tariff impacts, partially offset by incrementally bullish foreign exchange and input costs of late, the analyst tells investors in a research note.
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