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Mohawk Industries upgraded to Buy at Loop Capital; stock rises

Apr. 11, 2023 9:09 AM ETMohawk Industries, Inc. (MHK)SP500By: Rob Williams NY, SA News Editor1 Comment
Tiler installing tiles on the bathroom floor

Mixmike/E+ via Getty Images

Mohawk Industries (NYSE:MHK) on Tuesday was upgraded to Buy from a prior investment rating of Hold by analysts at Loop Capital. They said the maker of flooring products is poised for bigger profit margins as raw material and logistics costs

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Comments (1)

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Its not a stretch to expect this will be a $200+ stock a few years after the next business cycle gets going, approx. 2028.

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