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Truist Raises its Price Target on Mohawk Industries, Inc. (MHK) to $155 and Maintains a Buy Rating
Truist has raised its price target for Mohawk Industries, Inc. (MHK) to $155 from $148, maintaining a Buy rating, citing potential for substantial share repurchases despite mixed quarterly results. Other analysts, including RBC Capital and Evercore ISI, also increased their price targets for MHK after its Q4 earnings beat, though they highlighted continued weakness in U.S. housing. Mohawk Industries reported Q4 revenue above consensus and generated $621 million in free cash flow, repurchasing 1.3 million shares.