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UPDATE: Stifel Raises Price Target On Mohawk Industries On Acquisition Of IVC


In a report published Thursday, Stifel analyst John Baugh reiterated a Buy rating on Mohawk Industries, Inc. (NYSE: MHK), and raised the price target from $155.00 to $180.00.

In the report, Stifel noted, “We learned additional details on Mohawk's acquisition of IVC, the supplier of sheet vinyl, LVT, and laminate flooring. We are adjusting our estimates to reflect the accretive nature of this transaction (although adding other offsets). We are also adjusting our target price upward to $180.”

Mohawk Industries closed on Wednesday at $163.26.

Latest Ratings for MHK

Oct 2019DowngradesMarket PerformUnderperform
Aug 2019UpgradesUnderperformMarket Perform
Jul 2019UpgradesUnderperformNeutral

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Posted-In: John Baugh StifelAnalyst Color Price Target Analyst Ratings


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