Truist Securities Maintains Buy on Mohawk Industries, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on Mohawk Industries (NYSE:MHK) but lowered the price target from $130 to $105.
October 17, 2023 | 5:27 pm
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NEUTRAL IMPACT
Mohawk Industries' price target has been lowered from $130 to $105 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100