BofA raised the firm’s price target on Whirlpool (WHR) to $68 from $67 and keeps an Underperform rating on the shares. Whirlpool reported Q1 adjusted EBIT 8% below the firm’s $233M estimate, notes the analyst, who lowered the firm’s 2025 adjusted EBIT view by 1% and raised its 2026 adjusted EBIT forecast by 3%. The firm cites the challenging macro backdrop and Whirlpool’s elevated leverage for its reiterated Underperform rating.
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Read More on WHR:
- 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
- Whirlpool backs FY25 cash from operating activities view of ~$1B
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