7/103 sources · 3 publishersUpdated Nov 2, 16:18 UTC
Evercore ISI upgrades Mohawk Industries to Outperform and raises price target to $171
Evercore ISI upgraded Mohawk Industries (MHK) to Outperform from In Line and lifted its price target to $171, up from $129. The upgrade cites the company's $1.1 billion share‑buyback plan and stronger-than‑expected third‑quarter adjusted earnings. Mohawk reported adjusted EPS of $2.72 and sales of $2.8 billion for Q3 2026.
Why it matters
The upgrade and higher target suggest upside potential for the stock, as noted by Evercore ISI. The buyback outlook could improve earnings per share, according to the analyst note.
Key facts
- 1Evercore ISI raised Mohawk Industries' price target to $171 from $129. investing.com
- 2The analyst upgraded the rating to Outperform from In Line. investing.com
- 3Mohawk reported third‑quarter adjusted earnings per share of $2.72. investing.com
- 4Quarterly sales increased 1% to $2.8 billion. investing.com
- 5Evercore ISI highlighted a $1.1 billion share‑buyback plan as a key catalyst. seekingalpha.com
- 6Evercore ISI estimates free cash flow could reach $15 per share by fiscal 2027. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.