Pali Starts Mohawk Coverage with a Neutral Rating
"We will admit up front that we like virtually everything about this company- from its outstanding position in the flooring industry and relatively low exposure to new housing, to its dual-growth strategy and talented management team,” the firm said in a press release.
“What what we are less enamored of is its current equity price given the earnings stream slowdown and, quite frankly, its lack of controversy to give investors an intriguing entry point."
Related Topics:Mohawk Industries