RBC Capital lowered the firm’s price target on Whirlpool (WHR) to $65 from $81 and keeps an Underperform rating on the shares after its Q1 results. The company’s near-term demand trends have worsened against a sharp rise in import inventory, and the firm is projecting earnings for FY25 and FY26 well below the management’s guide based on the impact of initial expected tariff headwinds, the analyst tells investors in a research note.
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