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Fly News Breaks for May 1, 2017
MHK
May 1, 2017 | 08:53 EDT
Baird analyst Timothy Wojs said Mohawk results were in line but fell short of high expectations as revenue timing and higher raw materials costs created a near-term price/cost mismatch. He believes the mismatch will be made up in the second half of the year as the company reiterated its full year guidance. Wojs reiterated his Outperform rating and raised his price target to $262 to $245 on Mohawk shares.
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