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Fly News Breaks for November 9, 2015
MHK
Nov 9, 2015 | 07:59 EDT
JPMorgan analyst Michael Rehaut views Friday's post-earnings selloff in shares of Mohawk Industries as overdone. Concerns regarding price and mix declines in Flooring North America are overdone, Rehaut tells investors in a research note. He lowered his price target for the stock to $235 from $240 and keeps an Overweight rating on the name.
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