Evercore ISI Upgrades Mohawk Industries to Outperform, Lifts Target to $171

Evercore ISI upgraded Mohawk Industries (NYSE: MHK) to outperform from in-line on Monday and raised its price target to $171 from $129. Both actions came before the open.

Baird maintained its neutral rating and lifted its target to $142 from $132. Two firms acted on the stock Monday, and both raised their targets.

Mohawk closed at $139.41 on Friday, Oct. 30, and the stock rose 10.3% over the 20 sessions to that close.

Of the 11 firms that rated Mohawk in the past year, three rated it positive, seven neutral and one negative before Monday. The median target among the 10 firms with targets was $128.5, below Evercore's new $171 and Baird's $142.

For scale, Mohawk reported revenue of $10.79 billion for fiscal 2025, down 0.5% from a year earlier. Revenue for the quarter ended Oct. 3 was $2.79 billion, up 1%. Before the actions, the company's market value was about $8.10 billion.

The actions came three days after Mohawk filed a 10-Q with the Securities and Exchange Commission on Friday, Oct. 30.