Wells Fargo Upgrades Mohawk Industries to Equal-Weight, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded Mohawk Industries from Underweight to Equal-Weight and increased its price target from $140 to $160.
October 07, 2024 | 4:25 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Mohawk Industries from Underweight to Equal-Weight, raising the price target from $140 to $160. This suggests a more positive outlook on the stock.
The upgrade from Underweight to Equal-Weight by Wells Fargo indicates a shift to a more neutral stance, suggesting improved confidence in Mohawk Industries' performance. The raised price target to $160 further supports a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100