Wells Fargo analyst Sam Reid maintains $Mohawk Industries (MHK.US)$ with a hold rating, and maintains the target price at $140.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mohawk Industries (MHK.US)$'s main analysts recently are as follows:
Mohawk Industries is expected to face earnings pressures through 2024 due to 'sluggish' end market volumes, pricing challenges, product mix shifts, and impacts from hurricane events. The potential for a volume recovery in 2025 is seen as contingent on easing interest rates.
A cautious stance is maintained regarding a robust and sustainable earnings recovery for Mohawk Industries due to ongoing macroeconomic and competitive challenges.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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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