RBC Capital raised the firm’s price target on Mohawk Industries (MHK) to $135 from $122 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The management’s outlook requires some second-half volume recovery which remains elusive, though the stock’s valuation remains relatively inexpensive, the analyst tells investors in a research note.
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Read More on MHK:
- Mohawk Industries price target raised to $143 from $118 at Evercore ISI
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- Reaffirming Mohawk as a Buy: Gaining Share, Expanding Margins, and Re‑Rating Potential Despite Near‑Term Headwinds
- Mohawk Industries price target raised to $140 from $134 at UBS
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