RBC Capital Maintains Sector Perform on Mohawk Industries, Lowers Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Dahl maintains a Sector Perform rating on Mohawk Industries (NYSE:MHK) but lowers the price target from $140 to $134.
October 28, 2024 | 3:26 pm
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RBC Capital has maintained its Sector Perform rating on Mohawk Industries but has lowered the price target from $140 to $134, indicating a slightly less optimistic outlook.
The lowering of the price target from $140 to $134 by RBC Capital suggests a less optimistic view on Mohawk Industries' future performance, which could lead to a negative short-term impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
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IMPORTANCE 80
RELEVANCE 100