Mohawk Industries falls on lower Q3 revenue
25/10/2024 14:43
** Shares of home flooring maker Mohawk Industries MHK.N
down nearly 12% at $135
** Co posts lower Q3 revenue, hurt by weak demand for its
flooring and ceramic products
** MHK's Q3 revenue falls 1.7% to $2.72 bln from a year
earlier
** 7 of 18 brokerages rate the stock "buy" or higher and 11
"hold"; their median PT is $172 - LSEG
** Up to last close, stock up 47% YTD
(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com;))