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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 (MHK) to $155 from $148, maintaining a Buy rating. This adjustment follows mixed quarterly results where demand remained weak, but trends were better than new construction. Other firms like RBC Capital and Evercore ISI also raised their price targets on MHK after its Q4 earnings beat, citing a relatively inexpensive valuation and updated estimates.