Whirlpool falls as BofA cuts price objective

Whirlpool

21/04/2025 17:05

** Whirlpool WHR.N shares fall 3.7% to $75.95

** Bank of America Global Research cuts price objective for WHR to $67 from $107, reiterates "underperform", citing uncertainty due to tariffs and weaker growth outlook

** The new price target represents 15% downside to the stock's last close

** BofA flags challenging industry backdrop and potential tariff headwinds

** Lowers 2025 EPS target by 9% on softer residential repair and remodel demand

** Co's earnings has beat Wall Street expectations for last two consecutive quarters

** Three of 11 brokerages rate the stock "buy" or higher, five "hold" and three "sell"; their median PT is $109 - LSEG data

** As of last close, stock had fallen 33.6% YTD

 (Reporting by Apratim Sarkar)