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Fly News Breaks for May 14, 2019
MHK
May 14, 2019 | 09:36 EDT
Loop Capital analyst Laura Champine kept her Hold rating and $130 price target on Mohawk after her meeting with its CFO. The analyst notes the management's focus on improving the reliability of its luxury vinyl tile plants and the remaining work that the company's U.S. facility has to do. Champine adds that Mohawk could not commit to the timing of margin recovery and forecasts its EBIT margins to extend its 3pt decline to 12% in 2018 down to 11% this year.
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