JPMorgan lowered the firm’s price target on Mohawk Industries (MHK) to $156 from $161 and keeps an Overweight rating on the shares following the Q4 report. Competition for volume will continue to pressure the company’s pricing, though its mix should benefit from last year’s product launches, premium collections and commercial, the analyst tells investors in a research note. The firm sees an “inexpensive valuation” at current share levels and says Mohawk has several margin drivers for 2025 and a strong balance sheet.
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Read More on MHK:
- Mohawk Industries price target lowered to $150 from $152 at BofA
- Cautious Hold Recommendation for Mohawk Amid Operational and Market Challenges
- Mohawk Industries price target lowered to $125 from $130 at Barclays
- Mohawk Industries: Poised for Growth Amid Challenges with Attractive Valuation and Market Share Gains
- Mohawk Industries Reports Steady Q4 Financial Performance
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