Bofa Global Research recently made a significant adjustment to the stock rating of Mohawk Industries Inc.
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An institution has downgraded its rating on Mohawk Industries stock from "Buy" to "Neutral." At the same time, the institution has also significantly reduced its target price for the stock, slashing it from the previous $149 per share to $122. This adjustment reflects the research firm's latest assessment of the company's near-term outlook or valuation.
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