Mohawk Industries shares are trading higher after Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $98 to $152.
Portfolio Pulse from Benzinga Newsdesk
Mohawk Industries' stock (MHK) trades higher following an upgrade from Deutsche Bank, moving from Hold to Buy, with a price target increase from $98 to $152.
February 12, 2024 | 4:03 pm
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POSITIVE IMPACT
Mohawk Industries' stock received a significant boost after Deutsche Bank upgraded the stock from Hold to Buy and increased the price target from $98 to $152.
The upgrade by Deutsche Bank to a Buy rating, coupled with a substantial increase in the price target, is a strong positive signal to the market. This suggests a bullish outlook on Mohawk Industries by a major financial institution, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100