SunTrust analyst Keith Hughes raised his price target on Mohawk to $150 and kept his Buy rating after its Q4 results, saying that while the macro trends weakened in the quarter, the company was able to beat its previously lowered expectations. The analyst adds that he remains concerned by the lower production pace indicated in the outlook for Q1, but also notes that some of the company-specific issues appear to have bottomed. Hughes notes that his price target is derived from applying a 13-times multiple on the shares from his expected FY19 earnings, which is in line with the group average valuation.