On Oct 28, major Wall Street analysts update their ratings for $Mohawk Industries (MHK.US)$, with price targets ranging from $140 to $185.
Barclays analyst Matthew Bouley maintains with a hold rating, and adjusts the target price from $161 to $146.
Wells Fargo analyst Sam Reid maintains with a hold rating, and adjusts the target price from $160 to $140.
Evercore analyst Stephen Kim maintains with a hold rating, and adjusts the target price from $171 to $154.
Baird analyst Timothy Wojs maintains with a buy rating, and adjusts the target price from $196 to $185.
Truist Financial analyst Keith Hughes maintains with a buy rating, and sets the target price at $155.
Furthermore, according to the comprehensive report, the opinions of $Mohawk Industries (MHK.US)$'s main analysts recently are as follows:
The view is that 'sluggish' end market volumes, pricing pressures, mix-down, and hurricane-related challenges are expected to impact the company's earnings through 2024, with a potential recovery in volumes in 2025 hinging on interest rate adjustments.
The firm maintains a cautious stance regarding a strong and lasting earnings recovery for Mohawk Industries amid ongoing macroeconomic and competitive challenges.
The analyst noted that Mohawk Industries' shares experienced a decline, influenced by the absence of follow-on buybacks post-Q2 and a disheartening forecast for Q4. While recognizing Mohawk's considerable potential for self-improvement, the prevailing short-term uncertainties are a reason for maintaining a neutral stance.
Here are the latest investment ratings and price targets for $Mohawk Industries (MHK.US)$ from 5 analysts:
Note:
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