Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view

Date:

July 26, 2024

Mohawk Industries Inc.’s stock jumped 16% on Friday after the maker of flooring products said it would beat analyst estimates for its third quarter and revealed plans to cut more costs, and after drawing an upgrade to buy from hold from BofA Securities.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view

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