Truist Financial analyst Keith Hughes maintains $Mohawk Industries (MHK.US)$ with a buy rating, and maintains the target price at $155.
According to TipRanks data, the analyst has a success rate of 67.9% and a total average return of 23.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mohawk Industries (MHK.US)$'s main analysts recently are as follows:
The expectation of pressures on Mohawk Industries' earnings through 2024 is due to 'sluggish' end market volumes, pricing challenges, mix-down, and impacts from hurricanes. Additionally, a potential recovery in volume for the year 2025 is believed to hinge on the alleviation of interest rates.
The firm maintains a cautious stance regarding a solid and lasting earnings rebound for Mohawk due to ongoing macroeconomic and competitive challenges.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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