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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Read More on WHR:
- Whirlpool price target raised to $68 from $67 at BofA
- Cautious Outlook on Whirlpool: Sell Rating Amid Financial Strain and Market Challenges
- Whirlpool Corporation Reports Margin Expansion Amid Sales Decline
- Whirlpool’s Earnings Call: Growth Amid Challenges
- Whirlpool expects to deliver $200M+ of structural cost take out actions in FY25
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