JPMorgan analyst Michael Rehaut lowered the firm’s price target on Whirlpool (WHR) to $89 from $109 and keeps a Neutral rating on the shares following the Q1 report. The company reiterated its guidance, as tariff headwinds of roughly $400M are expected to be offset primarily by pricing as well as cost actions and some supply chain adjustments, the analyst tells investors in a research note. The firm believes Whirlpool’s valuation reasonably reflects its headwinds.
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Read More on WHR:
- Whirlpool price target lowered to $65 from $81 at RBC Capital
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