Mohawk Industries: Stay Buy Rated Due To Positive Growth And Margin Expansion Outlook
MHKMohawk(MHK) Seeking Alpha·2024-08-09 00:09
The Good Brigade Summary Following my coverage of Mohawk Industries (NYSE:MHK) in May’24, which I recommended a buy rating as the path to growth recovery was clearer and that the market was reacting positively to the stock, this post is to provide an update on my thoughts on the business and stock. Before we get to it, just to give an update on performance, MHK traded up to $164 (~38% upside from the date of my last post) and is now trading at my previous target price of ~$143. I remain buy-rated for MH ...