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Fly News Breaks for October 28, 2019
MHK
Oct 28, 2019 | 05:01 EDT
Stifel analyst John Baugh raised his price target for Mohawk Industries to $165 from $145 on expectations the stock's multiple expansion will continue following its Q3 results. Most of the major themes from the Q2 report continued in Q3, Baugh tells investors in a research note. The analyst believes investors are coming to believe that Mohawk's fundamentals are bottoming and that its earnings growth should resume in 2020, "barring a collapse in macro demand."
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