Mohawk Industries (MHK) has had a mixture of both positive and negative business events recently. In Q4 2024, the company exceeded market expectations, demonstrating resilience amidst market challenges, but he CFO's resignation led to a temporary replacement. Interestingly, financial institutions, including IEQ Capital LLC, increased their holdings in MHK. The company's stock has shown mixed performance according to diverse price targets by analysts. Furthermore, New York State Teachers Retirement System, ING Groep NV, Y Intercept Hong Kong Ltd and even Choreo LLC raised their stakes in MHK. An unexpected setback was the full year 2024 earnings where EPS missed expectations. MHK performed a system correction and addressed all conversion challenges. However, predictions made by Wells Fargo & Company and Evercore ISI about MHK's stock price are pessimistic. The share price target was cut to $150.00 by Bank of America and continued to be lowered by other companies. Meanwhile, Wolfe Research upgraded the MHK stock rating to Outperform.
Mohawk Industries MHK News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 01 Mar 2025 14:56:00 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor -3
