Evercore ISI raised the firm’s price target on Mohawk Industries (MHK) to $124 from $123 and keeps an In Line rating on the shares. While Mohawk’s Q3 performance came in slightly above expectations, the broader picture is “clouded by persistent headwinds,” says the analyst, who made adjustments to FY25 and FY26 EPS estimates to reflect these challenges.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MHK:
- Mohawk Industries price target lowered to $122 from $125 at Barclays
- Mohawk Industries price target lowered to $130 from $140 at Wells Fargo
- Mohawk Industries Balances Achievements and Challenges in Earnings Call
- Mohawk Industries reports Q3 adjusted EPS $2.67, consensus $2.64
- Mohawk Industries sees Q4 EPS $1.90-$2.00, consensus $2.13