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Fly News Breaks for October 28, 2019
MHK
Oct 28, 2019 | 08:33 EDT
Baird analyst Timothy Wojs raised his price target on Mohawk to $168 from $150 following Q3 results. The analyst noted the shars staged a relief rally following its report as both the operations and Q4 guidance were better than feared. He said the lack of surprises was welcomed and he can see the near-term narrative shift positively as investors focus on stable/improving US treends, improved North American productivity, and inflecting free cash flow. Wojs reiterated his Outperform rating on Mohawk shares.
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