Mohawk Industries: Upgrade To Buy On Clearer View Of Recovery
MHKMohawk(MHK) Seeking Alpha·2024-05-14 02:28

Thomas Barwick/DigitalVision via Getty Images Summary Following my coverage of Mohawk Industries (NYSE:MHK) in Feb’24, which I recommended a hold rating as I wanted to see more signs of recovery before adjusting my recommendation to a buy, this post is to provide an update on my thoughts on the business and stock. I shift my rating from hold to buy as I see clearer signs of recovery ahead, and the market should start to upgrade MHK valuation as it continues to print sequential improvements in sales. Investm ...