Stifel analyst W. Andrew Carter lowered the firm’s price target on Whirlpool (WHR) to $69 from $80 and keeps a Hold rating on the shares. The firm was “surprised at the positive reaction” in shares post-earnings, even considering the “overwhelming negative sentiment heading into the quarter,” telling investors that it views the Q3 report as “not a clearing event but instead illuminating a significantly more challenging backdrop versus our previous expectations.”
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