RBC Capital raised the firm’s price target on Mohawk Industries (MHK) to $123 from $119 and keeps a Sector Perform rating on the shares after its stronger than expected Q2 results. The firm notes however that its FY26 EPS view is cut by 9% to $9.61 amid further demand pressures as the company’s near-term conditions remain challenged with notable price weakness in Flooring, the analyst tells investors in a research note.
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