- Evercore ISI analyst Stephen Kim downgraded Mohawk Industries Inc MHK to In-Line from Outperform with a price target of $195, down from $229.
- The firm forecasts flat housing starts in FY22, but double-digit growth in completions and home prices, noted Kim.
- The analyst sees a multi-year period of strong double-digit growth in remodeling spending and thinks the "coming surge in R&R spend provides a rising tide for all," but also noted that there will be "relative winners."
- Price Action: MHK shares are trading lower by 3.01% at $171.23 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
