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Fly News Breaks for February 12, 2018
MHK
Feb 12, 2018 | 09:17 EDT
Jefferies analyst Philip Ng recommends using the recent pullback in shares of Mohawk Industries as an opportunity to add to positions. While the stock could trade sideways in the near-term due to the higher start-up costs and tempered 2018 margin expectations, the underlying story and earnings power of the business is unchanged, Ng tells investors in a research note. The analyst keeps a Buy rating on Mohawk with a $338 price target.
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