BofA lowered the firm’s price target on Mohawk Industries (MHK) to $132 from $150 and keeps a Buy rating on the shares. The firm lowered 2025 and 2026 forecasts for the building products names under its coverage by about 4% and 6%, respectively, on average to reflect weaker renovation and remodel spending, slower new construction and potential tariffs impacts, noting that it also lowered price targets among the group by about 17% on average.
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Read More on MHK:
- Mohawk Industries price target lowered to $115 from $125 at Barclays
- Trex, Griffon among top picks as Deutsche covers building products
- Mohawk Industries initiated with a Hold at Deutsche Bank
- Mohawk Appoints David Repp as Chief Accounting Officer
- Rollins names William Harkins as Chief Accounting Officer
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