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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