- 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.
MHKMohawk Industries Inc
$102.691.75%
Edge Rankings
Momentum
27.30
Growth
2.97
Quality
85.36
Value
87.25
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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