Loop Capital lowered the firm’s price target on Mohawk Industries (MHK) to $180 from $185 but keeps a Buy rating on the shares after its Q3 results. The company’s Q3 results were “mixed” relative to its checks and a pre-quiet period conversations with the management, and the firm sees price/mix remaining negative for the next few quarters, the analyst tells investors in a research note. Volume growth would be the most significant lever for Mohawk Industries’ earnings, Loop adds, also noting that the company’s productivity improvement efforts are “material and ongoing”.
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Read More on MHK:
- Mohawk Industries COO Chris Wellborn to retire, Paul De Cock to succeed
- Mohawk Announces Leadership Changes and New Appointments
- Mohawk Industries price target lowered to $155 from $184 at Truist
- Mohawk Industries price target lowered to $134 from $140 at RBC Capital
- Mohawk Industries price target lowered to $146 from $161 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
