BofA Securities analyst Rafe Jadrosich maintains $Whirlpool (WHR.US)$ with a sell rating, and adjusts the target price from $101 to $103.
According to TipRanks data, the analyst has a success rate of 57.5% and a total average return of 10.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Whirlpool (WHR.US)$'s main analysts recently are as follows:
Whirlpool's Q3 adjusted EPS of $3.43 surpassed expectations, primarily due to a favorable tax rate, while projections for 2024 revenue remained steady at around $16.9 billion with an anticipated adjusted EBIT margin of about 6.0% and adjusted EPS close to $12. Subsequent to the earnings report, projections for 2024 adjusted EPS were enhanced by 17% to account for the beneficial tax rate, thereby increasing the previous forecast by $1.30. Conversely, expectations for 2025 adjusted EPS were moderately reduced by 3%.
Following Whirlpool's Q3 results, it's observed that the company's North America margins have seen a slight improvement, thanks to cost reduction efforts. However, the company is still facing challenges with market share losses, weak pricing and promotions, and the level of growth needed to meet the unchanged sales and margin targets is considered overly ambitious.
Note:
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