Deutsche Bank Maintains Hold Rating for Mohawk Industries: Here's What You Need To Know

Deutsche Bank has decided to maintain its Hold rating of Mohawk Industries MHK and raise its price target from $104.00 to $121.00.

Shares of Mohawk Industries are trading up 1.49% over the last 24 hours, at $116.87 per share.

A move to $121.00 would account for a 3.53% increase from the current share price.

About Mohawk Industries

Mohawk Industries manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. The Georgia-based company has grown from a U.S.-focused carpeting manufacturer to a leading global player in the diversified flooring market. Mohawk operates three reporting segments: global ceramic ($3.6 billion of sales in 2019), North America flooring ($3.8 billion), and rest of the world flooring ($2.5 billion). The company generates approximately 60% of its sales in the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.