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StocksMedium•20 April 2026•

1 min read

BofA Downgrades Mohawk Industries to Neutral, Slashes Price Target to $122

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Key Facts

1BofA Global Research downgraded Mohawk Industries Inc. stock rating from 'Buy' to 'Neutral'.

2The price target for the stock was reduced from $149 to $122 per share.

BofA Global Research has downgraded Mohawk Industries Inc. (MHK) from 'Buy' to 'Neutral', signaling a shift in sentiment toward the flooring manufacturer. Alongside the downgrade, the bank significantly reduced its price target for the stock to $122, down from the previous target of $149. This adjustment reflects a more cautious stance on the company's near-term performance and market valuation. Analysts cited a revised assessment of the company's outlook as the primary driver for the rating change. Such downgrades from major financial institutions typically exert downward pressure on equity prices. Investors are now closely monitoring MHK's ability to navigate the headwinds identified by the research firm.